Ocado Group (LON:OCDO) Insider Stephen Daintith Acquires 65 Shares

Ocado Group insider Stephen Daintith purchased 65 shares at GBX 233 each on October 15, totaling £151.45. This follows previous acquisitions of 62 shares at GBX 243 and 40 shares at GBX 374. The stock opened at GBX 239.50, with a market cap of £1.98 billion. Analysts have raised the target price from GBX 400 to GBX 437, maintaining an "overweight" rating. Ocado Group specializes in online grocery fulfillment solutions and holds a 50% stake in Ocado Retail Ltd with Marks & Spencer.

Ocado Group plc (LON:OCDO - Get Free Report) insider Stephen Daintith acquired 65 shares of Ocado Group stock in a transaction dated Wednesday, October 15th. The shares were acquired at an average price of GBX 233 per share, with a total value of £151.45.

Stephen Daintith also recently made the following trade(s):

On Monday, September 15th, Stephen Daintith acquired 62 shares of Ocado Group stock. The shares were acquired at an average price of GBX 243 per share, with a total value of £150.66.
On Friday, August 15th, Stephen Daintith acquired 40 shares of Ocado Group stock. The shares were acquired at an average price of GBX 374 per share, with a total value of £149.60.

Ocado Group Stock Up 0.5%

Shares of LON OCDO opened at GBX 239.50 on Friday. The stock has a market capitalization of £1.98 billion, a P/E ratio of 509.57 and a beta of 1.85. The company has a 50-day moving average price of GBX 286.14 and a 200-day moving average price of GBX 278.58. Ocado Group plc has a 1 year low of GBX 216.80 and a 1 year high of GBX 397.90. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their target price on shares of Ocado Group from GBX 400 to GBX 437 and gave the stock an "overweight" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 437.

Read Our Latest Stock Report on OCDO

Ocado Group Company Profile

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Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world's largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado's physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.