Ocado Group PLC (LON:OCDO) insider Neill Abrams purchased 1,610 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average price of GBX 1,117 ($14.60) per share, for a total transaction of £17,983.70 ($23,498.89).
Shares of LON:OCDO traded up GBX 11.50 ($0.15) during trading on Friday, reaching GBX 1,350 ($17.64). 1,080,438 shares of the stock were exchanged, compared to its average volume of 2,950,000. The company has a debt-to-equity ratio of 94.24, a current ratio of 1.37 and a quick ratio of 1.23. Ocado Group PLC has a 1-year low of GBX 730.60 ($9.55) and a 1-year high of GBX 1,440.50 ($18.82). The stock has a fifty day moving average of GBX 1,226.29 and a two-hundred day moving average of GBX 1,219.13. The firm has a market cap of $9.62 billion and a price-to-earnings ratio of -54.66.
A number of equities analysts have issued reports on OCDO shares. Barclays restated an “equal weight” rating on shares of Ocado Group in a report on Tuesday, July 16th. Citigroup restated a “buy” rating on shares of Ocado Group in a report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price target on Ocado Group from GBX 1,070 ($13.98) to GBX 1,073 ($14.02) and gave the stock a “neutral” rating in a report on Monday, August 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 1,000 ($13.07) target price on shares of Ocado Group in a research report on Tuesday, July 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a GBX 1,320 ($17.25) target price on shares of Ocado Group in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Ocado Group currently has a consensus rating of “Hold” and a consensus target price of GBX 1,141.92 ($14.92).
Ocado Group Company Profile
Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.
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