Rating Change: Goldman Sachs Reconfirms Ocado Group Plc (LON:OCDO)’s “Conviction Buy” Rating

November 28, 2016 - By Ruchi Gupta

Ocado Group Plc (LON:OCDO) Rating

Goldman Sachs reiterated their “Conviction Buy” rating on Ocado Group Plc (LON:OCDO)‘s stock in analysts note issued to investors and clients on Monday, 28 November.

Ocado Group PLC (LON:OCDO) Ratings Coverage

Out of 15 analysts covering Ocado Group Plc (LON:OCDO), 8 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 53% are positive. GBX 700 is the highest target while GBX 189 is the lowest. The GBX 344.36 average target is 26.28% above today’s (GBX 272.7) stock price. Ocado Group Plc has been the topic of 93 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Overwt/In-Line” rating given on Tuesday, February 2 by Morgan Stanley. On Wednesday, November 9 the stock rating was maintained by Numis Securities with “Buy”. The stock of Ocado Group PLC (LON:OCDO) earned “Outperform” rating by Credit Suisse on Thursday, April 7. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, March 1 report. Barclays Capital maintained it with “Equal Weight” rating and GBX 290 target price in Tuesday, March 1 report. The stock has “Buy” rating given by Numis Securities on Wednesday, January 27. J.P. Morgan maintained Ocado Group PLC (LON:OCDO) rating on Wednesday, February 3. J.P. Morgan has “Overweight” rating and GBX 476 price target. The stock of Ocado Group PLC (LON:OCDO) has “Conviction Buy” rating given on Friday, August 14 by Goldman Sachs. Barclays Capital maintained it with “Equal Weight” rating and GBX 420 target price in Wednesday, February 3 report. The stock of Ocado Group PLC (LON:OCDO) has “Hold” rating given on Friday, December 4 by Deutsche Bank.

About 229,642 shares traded hands. Ocado Group PLC (LON:OCDO) has declined 11.91% since April 28, 2016 and is downtrending. It has underperformed by 17.93% the S&P500.

Ocado Group plc is a United Kingdom firm engaged in grocery retailing and the development and monetization of intellectual property and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The company has a market cap of 1.72 billion GBP. The Firm sells groceries and other every day and specialist products to clients placing orders through its interfaces. It has a 127.97 P/E ratio. The Firm offers approximately 47,000 stock keeping unit (SKU) at Ocado.com.

Another recent and important Ocado Group PLC (LON:OCDO) news was published by Bloomberg.com which published an article titled: “Ocado Shares Slump as U.K. Grocery Price War Damages Profits” on September 13, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>