Deutsche Bank restated their hold rating on shares of Ocado Group PLC (LON:OCDO) in a report released on Wednesday, Market Beat reports. They currently have a GBX 330 ($4.75) target price on the stock.

Shares of Ocado Group PLC (LON:OCDO) traded down 1.25% during trading on Wednesday, reaching GBX 260.80. The company had a trading volume of 3,240,434 shares. The stock’s market capitalization is GBX 1.53 billion. The stock’s 50-day moving average price is GBX 293.71 and its 200-day moving average price is GBX 344.67. Ocado Group PLC has a 12 month low of GBX 239.40 and a 12 month high of GBX 478.50.

OCDO has been the subject of several other reports. BNP Paribas reissued a neutral rating and issued a GBX 325 ($4.68) price objective on shares of Ocado Group PLC in a report on Monday, December 7th. Barclays reissued an equal weight rating and issued a GBX 420 ($6.04) price objective on shares of Ocado Group PLC in a report on Friday, December 4th. Numis Securities Ltd reissued a buy rating and issued a GBX 500 ($7.19) price objective on shares of Ocado Group PLC in a report on Thursday, December 10th. Macquarie reissued an outperform rating and issued a GBX 410 ($5.90) price objective on shares of Ocado Group PLC in a report on Thursday, January 7th. Finally, Goldman Sachs reissued a buy rating and issued a GBX 700 ($10.07) price objective on shares of Ocado Group PLC in a report on Wednesday, January 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 421.09 ($6.06).

Ocado Group plc is a United Kingdom-based online grocery retailing company. The Company is engaged in the grocery retailing and the development and monetization of intellectual property (LON:OCDO) and technology used for the online retailing, logistics, and distribution of grocery and consumer goods. The Company is engaged in operating its own grocery and general merchandise retail businesses in the United Kingdom under the Ocado.com and other specialist shop banners. The Company has developed an end-to-end operating solution for online retail based on technology and IP. The Company’s retain brands include ocado, fetch and Sizzle. The Company’s primary operating subsidiary includes Ocado Retail Limited (ORL). Its other subsidiaries include Ocado Holdings Limited, Ocado Information Technology Limited, Ocado Polska Sp. Z.o.o., Ocado Innovation Limited, Ocado Central Services Limited, Paws & Purrs Ltd, Ocado Cell in Atlas Insurance PCC Limited and Ocado Operating Limited.

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