BNP Paribas Set “Underperform” Rating for Ocado Group PLC (OCDO)

BNP Paribas Set “Underperform” Rating for Ocado Group PLC (OCDO)

BNP Paribas reaffirmed their underperform rating on shares of Ocado Group PLC (LON:OCDO) in a report issued on Tuesday morning. The brokerage currently has a GBX 220 ($2.72) target price on the stock.

Several other equities research analysts have also recently issued reports on OCDO. HSBC Holdings plc restated a reduce rating and set a GBX 200 ($2.47) price objective on shares of Ocado Group PLC in a research report on Friday, January 27th. Shore Capital restated an under review rating on shares of Ocado Group PLC in a research report on Tuesday, January 31st. Numis Securities Ltd restated a buy rating and set a GBX 400 ($4.94) price objective on shares of Ocado Group PLC in a research report on Tuesday, January 31st. Barclays PLC restated an equal weight rating and set a GBX 265 ($3.27) price objective on shares of Ocado Group PLC in a research report on Wednesday, January 25th. Finally, Goldman Sachs Group Inc restated a conviction-buy rating and set a GBX 450 ($5.56) price objective on shares of Ocado Group PLC in a research report on Sunday, December 4th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 309.45 ($3.82).

Shares of Ocado Group PLC (LON:OCDO) opened at 244.00 on Tuesday. The stock has a 50 day moving average of GBX 252.42 and a 200 day moving average of GBX 262.84. The stock’s market cap is GBX 1.46 billion. Ocado Group PLC has a 12 month low of GBX 203.00 and a 12 month high of GBX 352.13.

In other news, insider Tim Steiner sold 35,158 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of GBX 249 ($3.08), for a total value of £87,543.42 ($108,118.34). Over the last quarter, insiders have acquired 175 shares of company stock valued at $45,721.

About Ocado Group PLC

Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are grocery retailing and the development and monetization of Intellectual Property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods, derived from the United Kingdom.

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