The stock of Ocado Group PLC (LON:OCDO) is a huge mover today! The stock decreased 1.92% or GBX 5.3 on November 28, hitting GBX 270.5. About 1.52M shares traded hands or 11.76% up from the average. Ocado Group PLC (LON:OCDO) has declined 8.49% since April 29, 2016 and is downtrending. It has underperformed by 14.51% the S&P500.
The move comes after 6 months positive chart setup for the GBX 1.70B company. It was reported on Nov, 28 by Barchart.com. We have GBX 278.62 PT which if reached, will make LON:OCDO worth GBX 51.00M more.
Ocado Group PLC (LON:OCDO) Ratings Coverage
Out of 15 analysts covering Ocado Group Plc (LON:OCDO), 8 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 53% are positive. Ocado Group Plc has been the topic of 93 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, June 29 by Barclays Capital. The firm has “Sell” rating by Shore Capital given on Monday, August 17. BNP Paribas downgraded Ocado Group PLC (LON:OCDO) rating on Wednesday, September 14. BNP Paribas has “Underperform” rating and GBX 215 price target. Societe Generale maintained Ocado Group PLC (LON:OCDO) on Wednesday, September 14 with “Sell” rating. Jefferies maintained Ocado Group PLC (LON:OCDO) on Tuesday, September 8 with “Hold” rating. Macquarie Research maintained Ocado Group PLC (LON:OCDO) on Thursday, January 7 with “Outperform” rating. On Monday, February 1 the stock rating was maintained by HSBC with “Reduce”. The stock of Ocado Group PLC (LON:OCDO) earned “Sell” rating by Societe Generale on Tuesday, June 28. The company was maintained on Monday, December 7 by BNP Paribas. The stock of Ocado Group PLC (LON:OCDO) has “Reduce” rating given on Wednesday, October 21 by HSBC.
Another recent and important Ocado Group PLC (LON:OCDO) news was published by Bloomberg.com which published an article titled: “Ocado Shares Slump as U.K. Grocery Price War Damages Profits” on September 13, 2016.
Ocado Group plc is a United Kingdom firm engaged in grocery retailing and the development and monetization of intellectual property and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The company has a market cap of 1.70 billion GBP. The Firm sells groceries and other every day and specialist products to clients placing orders through its interfaces. It has a 126.94 P/E ratio. The Firm offers approximately 47,000 stock keeping unit (SKU) at Ocado.com.
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