Numis Seems to Have Gained Confidence In Ocado Group Plc (LON:OCDO), Upgrades Stocks

May 17, 2018 - By Eugene Smith

Ocado Group Plc (LON:OCDO) Stock Upgrade

In a research note released on Thursday morning, Numis decided to upgrade shares of Ocado Group Plc (LON:OCDO) to a Buy rating. The firm currently has a respectable GBX 800.00 PT on OCDO shares.

Ocado Group plc (LON:OCDO) Ratings Coverage

Among 15 analysts covering Ocado Group Plc (LON:OCDO), 6 have Buy rating, 3 Sell and 6 Hold. Therefore 40% are positive. Ocado Group Plc has GBX 800 highest and GBX 200 lowest target. GBX 464’s average target is -41.80% below currents GBX 797.2 stock price. Ocado Group Plc had 57 analyst reports since November 20, 2017 according to SRatingsIntel. Goldman Sachs downgraded it to “Neutral” rating and GBX 540 target in Wednesday, March 21 report. The firm earned “Overweight” rating on Thursday, January 25 by Morgan Stanley. As per Wednesday, April 11, the company rating was maintained by Peel Hunt. Deutsche Bank maintained the stock with “Sell” rating in Monday, November 20 report. The rating was maintained by Peel Hunt on Wednesday, January 3 with “Buy”. The firm earned “Buy” rating on Monday, February 19 by Peel Hunt. The stock has “Buy” rating by Numis Securities on Monday, January 22. As per Monday, January 29, the company rating was maintained by Credit Suisse. The stock has “Buy” rating by Peel Hunt on Wednesday, April 4. As per Wednesday, May 2, the company rating was upgraded by Numis Securities.

The stock increased 44.42% or GBX 245.2 during the last trading session, reaching GBX 797.2. About 35.25M shares traded or 1186.81% up from the average. Ocado Group plc (LON:OCDO) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Ocado Group plc operates as an online grocery retailer in the United Kingdom. The company has market cap of 5.07 billion GBP. It primarily offers pet, kitchen and dining, and beauty products under the Ocado, Fetch, Sizzle, and Fabled names. It has a 3986 P/E ratio. The firm 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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