Key Points
- Insider buying: Ocado Group CEO Tim Steiner purchased 50 shares at GBX 302 each, worth £151, following smaller purchases in August and September.
- Stock performance: Shares opened at GBX 289.94 and were down 3.4%, while trading between a 52-week range of GBX 140.30 and GBX 316.40.
- Analyst outlook: JPMorgan raised its price target to GBX 290, and analysts maintain a consensus “Buy” rating with an average target of GBX 300, despite Ocado reporting negative EPS and margins.
Ocado Group plc (LON:OCDO - Get Free Report) insider Tim Steiner bought 50 shares of the company's stock in a transaction dated Thursday, October 15th. The shares were acquired at an average price of GBX 302 per share, for a total transaction of £151.
Tim Steiner also recently made the following trade(s):
- On Tuesday, September 15th, Tim Steiner bought 74 shares of Ocado Group stock. The shares were acquired at an average price of GBX 204 per share, for a total transaction of £150.96.
- On Monday, August 17th, Tim Steiner bought 61 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 243 per share, for a total transaction of £148.23.
Ocado Group Stock Down 3.4%
LON:OCDO opened at GBX 289.94 on Friday. 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 firm's 50-day moving average price is GBX 243.13 and its 200-day moving average price is GBX 210.55. The company has a market capitalization of £2.43 billion, a PE ratio of -9.57 and a beta of 2.41. Ocado Group plc has a 1-year low of GBX 140.30 and a 1-year high of GBX 316.40.
Ocado Group (LON:OCDO - Get Free Report) last issued its quarterly earnings results 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
Separately, JPMorgan Chase & Co. upped their price objective 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 MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 300.
Get Our Latest Report on Ocado Group
Ocado Group Company Profile
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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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