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

Ocado Group plc (LON:OCDO) insider Stephen Daintith bought 45 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of GBX 331 ($4.37) per share, with a total value of £148.95 ($196.76).

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

• On Thursday, August 15th, Stephen Daintith bought 46 shares of Ocado Group stock. The shares were purchased at an average price of GBX 328 ($4.33) per share, with a total value of £150.88 ($199.31).
• On Monday, July 15th, Stephen Daintith bought 39 shares of Ocado Group stock. The shares were purchased at an average price of GBX 380 ($5.02) per share, with a total value of £148.20 ($195.77).

Ocado Group Price Performance

The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 143.47. Ocado Group plc has a 1-year low of GBX 278.17 ($3.67) and a 1-year high of GBX 827 ($10.92). The business has a 50 day moving average of GBX 371.45 and a 200-day moving average of GBX 379.76. The stock has a market capitalization of £2.77 billion, a price-to-earnings ratio of -1,298.75 and a beta of 1.85.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Ocado Group from GBX 450 ($5.94) to GBX 380 ($5.02) and set a “neutral” rating for the company in a report on Friday, June 28th. Berenberg Bank lowered shares of Ocado Group to an “underperform” rating and lowered their price objective for the stock from GBX 1,000 ($13.21) to GBX 260 ($3.43) in a report on Monday, July 15th.

Ocado Group Company Profile

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.