Today HSBC Reaffirms a Reduce Rating on Ocado Group (LON:OCDO) and a GBX 180.00 Target Price

June 20, 2017 - By Dolores Ford

Ocado Group (LON:OCDO) Rating Reaffirmed

Recently, In a note issued on Tuesday morning, Ocado Group (LON:OCDO) shares have had their Reduce Rating reaffirmed by expert analysts at HSBC, who currently has a GBX 180.00 TP on company. This target by HSBC means the possibile downside of -40.50 % from the previous close.

Ocado Group PLC (LON:OCDO) Ratings Coverage

Among 15 analysts covering Ocado Group Plc (LON:OCDO), 7 have Buy rating, 6 Sell and 2 Hold. Therefore 47% are positive. Ocado Group Plc has GBX 700 highest and GBX 180 lowest target. GBX 319.29’s average target is 6.01% above currents GBX 301.2 stock price. Ocado Group Plc had 131 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by BNP Paribas on Monday, December 7 with “Neutral”. Deutsche Bank maintained the shares of OCDO in report on Wednesday, June 7 with “Sell” rating. The firm has “Sell” rating by Societe Generale given on Tuesday, June 28. The company was maintained on Wednesday, September 2 by Deutsche Bank. The firm has “Buy” rating by Numis Securities given on Monday, February 29. HSBC maintained Ocado Group PLC (LON:OCDO) rating on Wednesday, February 10. HSBC has “Reduce” rating and GBX 200 target. The rating was maintained by HSBC on Monday, February 1 with “Reduce”. The firm earned “Overwt/In-Line” rating on Thursday, December 10 by Morgan Stanley. Goldman Sachs maintained the shares of OCDO in report on Monday, November 28 with “Conviction Buy” rating. Goldman Sachs maintained Ocado Group PLC (LON:OCDO) rating on Friday, August 19. Goldman Sachs has “Conviction Buy” rating and GBX 615 target.

The stock decreased 1.70% or GBX 5.2 on June 20, reaching GBX 301.2. About 4.16M shares traded or 35.06% up from the average. Ocado Group PLC (LON:OCDO) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Ocado Group plc is a United Kingdom online grocery retailer. The company has market cap of 1.90 billion GBP. The Company’s principal activities are grocery retailing and the development and monetization of Intellectual Property and technology used for the online retailing, logistics and distribution of grocery and consumer goods, derived from the United Kingdom. It has a 154.54 P/E ratio. The Firm offers end-to-end operating solution for online grocery retail based on technology and IP, suitable for operating its own retail business and those of its commercial partners.

More important recent Ocado Group PLC (LON:OCDO) news were published by: Reuters.com which released: “Fitch Assigns First-Time Rating of ‘BB-‘ to Ocado Group plc, Outlook Stable” on June 12, 2017, also Fool.Co.Uk published article titled: “After jumping 7% on FY results, should investors buy Ocado Group plc?”, Bloomberg.com published: “Amazon’s Ocado-Free Future” on June 19, 2017. More interesting news about Ocado Group PLC (LON:OCDO) was released by: Bloomberg.com and their article: “Ocado Plans Bond Market Debut to Support Growth Ambitions” with publication date: June 12, 2017.

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