Key Points
- Insider Stephen Daintith bought 68 shares on Nov. 17 at GBX 221, adding to prior purchases in Oct. (65 shares at GBX 233) and Sept. (62 shares at GBX 243), signaling continued insider buying.
- Ocado shares fell about 17.4%, opening at GBX 179.90 and trading well below its 50‑day (GBX 230.36) and 200‑day (GBX 268.03) moving averages and close to its 52‑week low (GBX 166), with a market cap of £1.49 billion.
- Analysts remain bullish: JPMorgan raised its price target from GBX 400 to GBX 437 and gave an "overweight" rating, and the consensus rating is "Buy" with an average target of GBX 437.
Ocado Group plc (LON:OCDO - Get Free Report) insider Stephen Daintith bought 68 shares of the company's stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average cost of GBX 221 per share, for a total transaction of £150.28.
Stephen Daintith also recently made the following trade(s):
- On Wednesday, October 15th, Stephen Daintith acquired 65 shares of Ocado Group stock. The stock was purchased at an average cost of GBX 233 per share, for a total transaction of £151.45.
- On Monday, September 15th, Stephen Daintith acquired 62 shares of Ocado Group stock. The stock was purchased at an average price of GBX 243 per share, with a total value of £150.66.
Ocado Group Trading Down 17.4%
Shares of OCDO stock opened at GBX 179.90 on Wednesday. The stock has a 50-day simple moving average of GBX 230.36 and a 200 day simple moving average of GBX 268.03. The stock has a market capitalization of £1.49 billion, a P/E ratio of 3.83 and a beta of 1.85. Ocado Group plc has a fifty-two week low of GBX 166 and a fifty-two week high of GBX 397.90. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. raised their price objective on shares of Ocado Group from GBX 400 to GBX 437 and gave the company an "overweight" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ocado Group presently has a consensus rating of "Buy" and an average target price of GBX 437.
Check Out Our Latest Stock Analysis on OCDO
Ocado Group Company Profile
(
Get Free Report)
Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world's largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado's physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.
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