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Barclays Reaffirms Their Sell Rating on Ocado Group (OCDGF)

Barclays analyst James Anstead reiterated a Sell rating on Ocado Group (OCDGFResearch Report) on July 22 and set a price target of p1500.00. The company’s shares closed last Thursday at $9.00, close to its 52-week low of $8.50.

Anstead has an average return of 42.4% when recommending Ocado Group.

According to TipRanks.com, Anstead is ranked #2840 out of 7952 analysts.

Currently, the analyst consensus on Ocado Group is a Hold with an average price target of $13.72, which is a 40.7% upside from current levels. In a report issued on July 21, Kepler Capital also maintained a Sell rating on the stock with a p859.00 price target.

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Based on Ocado Group’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OCDGF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ocado Group Plc engages in the operation of online grocery supermarket. It operates through the following segments: Retail, UK Solutions & Logistics, and International Solutions. The Retail segment provides online grocery and general merchandise offerings to customers within the UK. The UK Solutions & Logistics segment reflects contracts with the Ocado Retail joint venture and Morrisons, inclusive of both solutions contracts and service agreements with Ocado Logistics for the provision of third party logistics and other services. The International Solutions segment deals with international partners for the provision of Ocado Smart Platform. The company was founded by Jonathan Faiman, Jason Gissing, and Timothy Steiner in April 2000 and is headquartered in Hatfield, the United Kingdom.

Read More on OCDGF:

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