Several other equities research analysts have also commented on the stock. HSBC upgraded shares of Ocado Group to a hold rating in a report on Friday, May 18th. Numis Securities raised shares of Ocado Group to a buy rating and set a GBX 700 ($9.12) price objective on the stock in a report on Wednesday, May 2nd. Credit Suisse Group upped their price objective on shares of Ocado Group from GBX 585 ($7.62) to GBX 930 ($12.11) and gave the company an outperform rating in a report on Friday, May 18th. Goldman Sachs Group raised shares of Ocado Group to a buy rating in a report on Monday, June 11th. Finally, Citigroup reissued a buy rating on shares of Ocado Group in a report on Wednesday, May 30th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Ocado Group currently has an average rating of Hold and an average price target of GBX 533.20 ($6.95).
Ocado Group stock traded down GBX 7.60 ($0.10) during trading hours on Tuesday, hitting GBX 914.80 ($11.92). The company had a trading volume of 1,990,894 shares, compared to its average volume of 2,950,000. Ocado Group has a 1 year low of GBX 233.10 ($3.04) and a 1 year high of GBX 603.20 ($7.86).
In related news, insider Duncan Tatton-Brown sold 100,000 shares of the business’s stock in a transaction dated Thursday, July 12th. The shares were sold at an average price of GBX 866 ($11.28), for a total value of £866,000 ($1,128,044.81). Also, insider Tim Steiner sold 4,791,200 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of GBX 1,060 ($13.81), for a total transaction of £50,786,720 ($66,154,383.22).
About Ocado Group
Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.
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