Ocado Group (LON:OCDO – Get Free Report) was downgraded by equities research analysts at Berenberg Bank to an “underperform” rating in a research note issued on Monday, Digital Look reports. They presently have a GBX 260 ($3.33) price target on the stock, down from their prior price target of GBX 1,000 ($12.81). Berenberg Bank’s target price indicates a potential downside of 23.62% from the company’s current price.
Separately, JPMorgan Chase & Co. lowered their price target on shares of Ocado Group from GBX 450 ($5.76) to GBX 380 ($4.87) and set a “neutral” rating on the stock in a report on Friday, June 28th.
Check Out Our Latest Analysis on OCDO
Ocado Group Stock Performance
Insider Activity at Ocado Group
In other Ocado Group news, insider Richard N. (Rick) Haythornthwaite purchased 27,320 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was acquired at an average cost of GBX 366 ($4.69) per share, for a total transaction of £99,991.20 ($128,078.90). In the last 90 days, insiders have acquired 27,403 shares of company stock valued at $10,029,284. 29.51% of the stock is owned by company insiders.
About Ocado Group
Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.
See Also
- Five stocks we like better than Ocado Group
- Trading Stocks: RSI and Why it’s Useful
- Major Gaming Stock to Watch: Why It’s a Safe Bet Now
- Why is the Ex-Dividend Date Significant to Investors?
- AI-Powered Insurance Disruptor: This Stock Is a Growth Machine
- How to Invest in Insurance Companies: A Guide
- Why Consumer Stock Is Citigroup Analysts’ Top Choice Right Now
Receive News & Ratings for Ocado Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado Group and related companies with MarketBeat.com's FREE daily email newsletter.