Insider Buying: Ocado Group (LON:OCDO) Insider Acquires £148.23 in Stock

Key Points

• Ocado insider Stephen Daintith bought 61 shares at GBX 243 each, investing £148.23. This follows two earlier purchases totaling £300.12 in June and July.
• Ocado shares opened at GBX 242.48, with a market capitalization of approximately £2.02 billion and a 52-week trading range of GBX 140.30 to GBX 362.90. The company remains unprofitable, reporting quarterly EPS of GBX (3.90) and a negative net margin.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and a GBX 300 price target; JPMorgan recently raised its target to GBX 290, while Deutsche Bank retained a GBX 310 target.

Ocado Group plc (LON:OCDO - Get Free Report) insider Stephen Daintith acquired 61 shares of the business's stock in a transaction on Monday, August 17th. The stock was acquired at an average price of GBX 243 per share, with a total value of £148.23.

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

• On Wednesday, July 15th, Stephen Daintith bought 87 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 172 per share, with a total value of £149.64.
• On Friday, June 12th, Stephen Daintith bought 76 shares of Ocado Group stock. The shares were bought at an average price of GBX 198 per share, for a total transaction of £150.48.

Ocado Group Stock Performance

LON:OCDO opened at GBX 242.48 on Wednesday. The firm's fifty day simple moving average is GBX 194.87 and its 200-day simple moving average is GBX 200.68. The company has a quick ratio of 2.81, a current ratio of 1.41 and a debt-to-equity ratio of 110.64. The stock has a market cap of £2.02 billion, a PE ratio of -8.00 and a beta of 2.40. Ocado Group plc has a fifty-two week low of GBX 140.30 and a fifty-two week high of GBX 362.90.

Ocado Group (LON:OCDO - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The company reported GBX (3.90) EPS for the quarter. Ocado Group had a negative net margin of 14.29% and a negative return on equity of 15.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OCDO. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 310 price target on shares of Ocado Group in a research report on Monday, June 1st. JPMorgan Chase & Co. raised their price objective on Ocado Group from GBX 245 to GBX 290 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 300.

Ocado Group Company Profile

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world's largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado's physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.

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