Key Points
- Insider buying: Ocado director Stephen Daintith purchased 61 shares for £148.23 at GBX 243 per share, following two earlier purchases in June and July.
- Financial performance: Ocado reported a quarterly loss of GBX 3.90 per share, with a negative net margin of 14.29% and negative return on equity of 15.94%.
- Analyst outlook: Analysts maintain a consensus “Buy” rating with an average price target of GBX 300; Ocado shares recently opened at GBX 238.11.
Ocado Group plc (LON:OCDO - Get Free Report) insider Stephen Daintith bought 61 shares of the company's stock in a transaction on Monday, August 17th. The stock was purchased at an average price of GBX 243 per share, with a total value of £148.23.
Stephen Daintith also recently made the following trade(s):
- On Wednesday, July 15th, Stephen Daintith purchased 87 shares of Ocado Group stock. The shares were purchased at an average cost of GBX 172 per share, for a total transaction of £149.64.
- On Friday, June 12th, Stephen Daintith purchased 76 shares of Ocado Group stock. The shares were purchased at an average price of GBX 198 per share, for a total transaction of £150.48.
Ocado Group Stock Performance
Ocado Group stock opened at GBX 238.11 on Thursday. The business has a 50 day moving average of GBX 195.60 and a 200-day moving average of GBX 200.80. Ocado Group plc has a 1 year low of GBX 140.30 and a 1 year high of GBX 362.90. The company has a debt-to-equity ratio of 110.64, a current ratio of 1.41 and a quick ratio of 2.81. The company has a market capitalization of £1.98 billion, a P/E ratio of -7.86 and a beta of 2.40.
Ocado Group (LON:OCDO - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported GBX (3.90) earnings per share (EPS) for the quarter. Ocado Group had a negative net margin of 14.29% and a negative return on equity of 15.94%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 310 price target on shares of Ocado Group in a research report on Monday, June 1st. JPMorgan Chase & Co. lifted their price target on shares of Ocado Group from GBX 245 to GBX 290 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 300.
Read 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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