A statement released earlier today by Goldman Sachs about Ocado Group Plc (LON:OCDO) maintains the target price at 450.00GBX
- Updated: December 1, 2016
Yesterday Ocado Group Plc (LON:OCDO) traded -1.90% lower at 263.75GBX. The company’s 50-day moving average is 269.31GBX and its 200-day moving average is 266.83GBX. The last stock close price is down -2.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 61,075 shares of the stock were exchanged, down from an average trading volume of 1,999,600
Stating a potential upside of 0.71%, Goldman Sachs hold steady the target price of Ocado Group Plc (LON:OCDO) at 450.00GBX
See Chart Below
Ocado Group Plc has a 52 week low of 203.00GBX and a 52 week high of 391.00GBX with a P/E ratio of 123.32 The company’s market cap is currently 0 GBX.
In addition to Goldman Sachs reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is 360.64GBX with 2 firms rating the stock a strong buy, 6 firms rating the stock a buy, 4 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 0 equity analysts rating the company a sell.
Brief Synopsis About Ocado Group Plc (LON:OCDO)
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. The Company's brands include Ocado, Ocado Smart Platform, Sizzle and Fetch. Ocado Smart Platform is the online grocery platform solution. It includes e-commerce Website and mobile applications. Sizzle is the kitchen and dining store. Fetch is the pet store. The Company fulfils orders from its centralized customer fulfilment centers (CFCs) in Hatfield, Hertfordshire and Cordon, and Warwickshire.
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