According to Bloomberg, the seven investment firms currently keeping an eye on Ocado Group plc (LON: OCDO) have recommended “Hold” as the best course of action for shareholders to take when considering the company’s stock.
There have been three research analysts who have recommended buying the stock, two research analysts who have recommended selling it, and one research analyst who has recommended keeping it.
The price target for the following year, as provided by brokerages that have issued ratings on the company in the year prior, is GBX 830.20 ($10.12) on average.
Ocado Group’s share price was set at GBX 425 on Thursday, equivalent to USD 5.18 at the current exchange rate.
The price of one share of Ocado Group has ranged from a low of 9.50 British pounds ($0.12) to a high of 1,249.50 British pounds ($15.23) over the past 52 weeks.
The company’s price-to-earnings ratio is -720.34, and its beta value is 0.98.
The company is currently valued at $3.51 billion on the market.
In this example, the debt-to-equity ratio comes in at 98.49, the quick ratio at 2.82, and the current ratio at 2.92.
The 200-day simple moving average for the company is currently sitting at GBX 625.98, while the 50-day simple moving average is currently sitting at GBX 643.28, respectively.
In a significant number of research and analyst studies, OCDO has been cited as an important source.
In a research note published on Tuesday, February 28, Peel Hunt reaffirmed their “buy” recommendation on Ocado Group shares.
They also determined that a price target of GBX 1,061 ($12.93) would be appropriate.
The Royal Bank of Canada assigned an “underperform” rating to the common stock of Ocado Group in a research note that was published on January 26 and distributed on the same day.
As a further reflection of the downgrade, the target price for these shares was reduced from GBX 800 ($9.75) to GBX 560 ($6.83).
Barclays maintained its “equal weight” rating on shares of Ocado Group and established a GBX 740 ($9.02) price objective for the company’s stock in a research note published on March 1. Shore Capital reaffirmed its “not rated” recommendation on Ocado Group shares in a research note published on Tuesday, February 28.
This action by the company was not even close to being the least of its misdeeds.
Ocado Group plc is a company that operates as an online grocery store, selling products to customers in the United Kingdom and other countries. Ocado Retail, UK Solutions & Logistics, and International Solutions are the three departments that contribute to the company’s overall operation.
In addition to offering a wide variety of everyday items for purchase through its website, Ocado.com, the company also provides solutions for online retail, customer fulfillment, and logistics services.