Ocado Group (LON:OCDO) Stock Rating Reaffirmed by Royal Bank of Canada

Ocado Group (LON:OCDO)‘s stock had its “sector perform” rating reiterated by equities researchers at Royal Bank of Canada in a research note issued on Tuesday, February 5th. They presently have a GBX 750 ($9.80) price objective on the stock. Royal Bank of Canada’s target price would suggest a potential downside of 18.81% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Peel Hunt reissued a “buy” rating on shares of Ocado Group in a research note on Tuesday, October 16th. Barclays reissued an “equal weight” rating on shares of Ocado Group in a research note on Wednesday, October 10th. Finally, Numis Securities reissued a “buy” rating and set a GBX 1,250 ($16.33) price objective on shares of Ocado Group in a research note on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 820 ($10.71).

Shares of OCDO opened at GBX 923.80 ($12.07) on Tuesday. Ocado Group has a 1-year low of GBX 233.10 ($3.05) and a 1-year high of GBX 603.20 ($7.88).

Ocado Group Company Profile

Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.

See Also: Cost of Equity

Analyst Recommendations for Ocado Group (LON:OCDO)

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