Barclays restated their equal weight rating on shares of Ocado Group PLC (LON:OCDO) in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a GBX 420 ($6.04) price objective on the stock.

A number of other research analysts also recently issued reports on OCDO. Macquarie started coverage on Ocado Group PLC in a research note on Tuesday, October 20th. They set an outperform rating and a GBX 410 ($5.90) price target on the stock. HSBC restated a reduce rating and set a GBX 200 ($2.88) price target on shares of Ocado Group PLC in a research note on Wednesday, October 21st. JPMorgan Chase & Co. restated an overweight rating and set a GBX 476 ($6.85) price target on shares of Ocado Group PLC in a research note on Monday, November 23rd. Credit Suisse restated an outperform rating and set a GBX 466 ($6.70) price target on shares of Ocado Group PLC in a research note on Monday, November 30th. Finally, Deutsche Bank restated a hold rating and set a GBX 330 ($4.75) price target on shares of Ocado Group PLC in a research note on Friday, December 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Ocado Group PLC presently has an average rating of Hold and a consensus target price of GBX 421.09 ($6.06).

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

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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