Key Points
- Insider buying: Ocado director Tim Steiner purchased 74 shares at GBX 204 each, spending £150.96. This follows purchases totaling nearly £300 in August and July.
- Financial performance remains weak: Ocado reported quarterly EPS of negative GBX 3.90, a negative net margin of 14.29%, and a negative return on equity of 15.94%.
- Analysts remain bullish: The stock has a consensus “Buy” rating and a GBX 300 target price, compared with an opening price of GBX 209.75.
Ocado Group plc (LON:OCDO - Get Free Report) insider Tim Steiner bought 74 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of GBX 204 per share, for a total transaction of £150.96.
Tim Steiner also recently made the following trade(s):
- On Monday, August 17th, Tim Steiner purchased 61 shares of Ocado Group stock. The shares were bought at an average cost of GBX 243 per share, with a total value of £148.23.
- On Wednesday, July 15th, Tim Steiner purchased 87 shares of Ocado Group stock. The stock was bought at an average price of GBX 172 per share, with a total value of £149.64.
Ocado Group Stock Up 1.4%
LON:OCDO opened at GBX 209.75 on Thursday. Ocado Group plc has a twelve month low of GBX 140.30 and a twelve month high of GBX 299.30. The firm has a market capitalization of £1.75 billion, a price-to-earnings ratio of -6.92 and a beta of 2.41. The company has a quick ratio of 2.81, a current ratio of 1.41 and a debt-to-equity ratio of 110.64. The stock's 50 day moving average price is GBX 211.73 and its two-hundred day moving average price is GBX 200.57.
Ocado Group (LON:OCDO - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The company reported GBX (3.90) 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
OCDO has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 310 price objective on shares of Ocado Group in a research report on Monday, June 1st. JPMorgan Chase & Co. raised their target price on shares of Ocado Group from GBX 245 to GBX 290 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 300.
Check Out Our Latest Report 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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