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Ocado Group (LON:OCDO) Investors: HSBC Reconfirms Reduce Rating, Sees GBX 190.00/Share

HSBC Securities Analyst Rating Change Ocado Group LON:OCDO

Ocado Group (LON:OCDO) Rating Reconfirmed

HSBC have a GBX 190.00 PT on the Stock. The PT indicates a potential downside of -15.56 % from Ocado Group (LON:OCDO)’s stock close price. This rating was revealed to investors in an analyst report on 30 June.

According to data compiled by Thomson Reuters, Ocado Group (LON:OCDO)’s stock is covered by 14 equity analysts across the Street, with 3 analysts giving it a Sell rating, 8 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is GBX 368.14, which reflects an upside potential of 74.19% over the current price.

LON:OCDO Price Chart & Trend

The stock price of Ocado Group went down 30.52% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Ocado Group is down 33.03% and down 7.69%, respectively. Our stocks momentum model is shown on the price chart below.Ocado Group (LON:OCDO) Investors: HSBC Reconfirms Reduce Rating, Sees GBX 190.00/Share

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

OCDO Stock Chart

Ocado Group (LON:OCDO) Profile

Ocado Group plc is a United Kingdom-based company engaged in grocery retailing and the development and monetization of intellectual property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The Company sells groceries and other every day and specialist products to consumers placing orders through its interfaces. The Company offers approximately 47,000 stock keeping unit (SKU) at Ocado.com.

Ocado Group (LON:OCDO) traded down -6.49% on 30 June, hitting GBX 211.34. A total of 3.11M shares of the company’s stock traded hands. This is up from average of 2.36M shares. Ocado Group has a 52 week low of GBX 203.00 and a 52 week high of GBX 478.5. The company has a market cap of 1.26B GBX and a P/E ratio of 110.59.

Get the latest Ocado Group (LON:OCDO) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Ocado Group (LON:OCDO) Investors: HSBC Reconfirms Reduce Rating, Sees GBX 190.00/Share appeared first on Octafinance.



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