Stephen Daintith Buys 45 Shares of Ocado Group plc (LON:OCDO) Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith purchased 45 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average cost of GBX 331 ($4.33) per share, with a total value of £148.95 ($194.78).

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

• On Thursday, August 15th, Stephen Daintith acquired 46 shares of Ocado Group stock. The shares were purchased at an average cost of GBX 328 ($4.29) per share, with a total value of £150.88 ($197.31).
• On Monday, July 15th, Stephen Daintith acquired 39 shares of Ocado Group stock. The shares were purchased at an average cost of GBX 380 ($4.97) per share, with a total value of £148.20 ($193.80).

Ocado Group Trading Up 2.1 %

Shares of OCDO stock traded up GBX 6.88 ($0.09) on Monday, reaching GBX 337.68 ($4.42). The company had a trading volume of 1,353,832 shares, compared to its average volume of 6,443,573. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 143.47. The stock has a market cap of £2.77 billion, a PE ratio of -1,298.13 and a beta of 1.85. The company has a 50-day moving average of GBX 371.45 and a 200-day moving average of GBX 379.76. Ocado Group plc has a 12 month low of GBX 278.17 ($3.64) and a 12 month high of GBX 827 ($10.81).

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OCDO. JPMorgan Chase & Co. dropped their price objective on Ocado Group from GBX 450 ($5.88) to GBX 380 ($4.97) and set a “neutral” rating for the company in a report on Friday, June 28th. Berenberg Bank cut Ocado Group to an “underperform” rating and lowered their price target for the company from GBX 1,000 ($13.08) to GBX 260 ($3.40) in a research note on Monday, July 15th.

About Ocado Group

Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.