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Goldman Sachs reiterated Ocado Group Plc (LON:OCDO) to Conviction Buy in a report released today.

Goldman Sachs has reiterated Ocado Group Plc (LON:OCDO) to Conviction Buy in a report released on 11/28/2016.

Yesterday Ocado Group Plc (LON:OCDO) traded -1.60% lower at 273.05GBX. OCDO’s 50-day average is 268.77GBX and its two hundred day average is 267.40GBX. With the last stock price close up 1.50% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. 56,798 shares of OCDO traded hands, down from an average trading volume of 1,951,710

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Ocado Group Plc (LON:OCDO)

Ocado Group Plc has one year low of 203.00GBX and a one year high of 391.00GBX with a price-earnings ratio of 129.24 and has a total market value of 0 GBX.

Also covering Ocado Group Plc's target, a total of 14 brokers have issued a research note on the company. The average stock price target is 360.64GBX with two analysts rating the company a strong buy, six brokerages rating the company a buy, four brokerages rating the company a hold, three equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

More 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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