Stephen Daintith Purchases 39 Shares of Ocado Group plc (LON:OCDO) Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith bought 39 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of GBX 385 ($5.03) per share, with a total value of £150.15 ($196.07).

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

• On Monday, September 16th, Stephen Daintith purchased 45 shares of Ocado Group stock. The shares were purchased at an average price of GBX 331 ($4.32) per share, for a total transaction of £148.95 ($194.50).
• On Thursday, August 15th, Stephen Daintith acquired 46 shares of Ocado Group stock. The stock was purchased at an average price of GBX 328 ($4.28) per share, with a total value of £150.88 ($197.02).

Ocado Group Trading Down 0.7 %

Shares of Ocado Group stock opened at GBX 359 ($4.69) on Friday. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 143.47. Ocado Group plc has a twelve month low of GBX 278.17 ($3.63) and a twelve month high of GBX 798.80 ($10.43). The firm has a market capitalization of £2.95 billion, a PE ratio of -1,380.77 and a beta of 1.85. The firm’s 50-day moving average price is GBX 364.98 and its 200 day moving average price is GBX 366.11.

Wall Street Analyst Weigh In

OCDO has been the subject of several recent analyst reports. Shore Capital restated a “not rated” rating on shares of Ocado Group in a research note on Thursday, September 19th. Berenberg Bank downgraded Ocado Group to an “underperform” rating and reduced their target price for the stock from GBX 1,000 ($13.06) to GBX 260 ($3.40) in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ocado Group from GBX 450 ($5.88) to GBX 380 ($4.96) and set a “neutral” rating on the stock in a research note on Friday, June 28th.

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.