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Kepler Capital Reaffirms Their Sell Rating on Ocado Group (OCDGF)

Kepler Capital analyst Fabienne Caron maintained a Sell rating on Ocado Group (OCDGFResearch Report) on February 8 and set a price target of p1414.00. The company’s shares closed last Wednesday at $17.59.

Caron has an average return of 20.3% when recommending Ocado Group.

According to TipRanks.com, Caron is ranked #2958 out of 7787 analysts.

Ocado Group has an analyst consensus of Moderate Buy, with a price target consensus of $22.79.

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Ocado Group’s market cap is currently $12.31B and has a P/E ratio of -40.16.

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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.

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