Insider Buying: Ocado Group (LON:OCDO) Insider Acquires 65 Shares of Stock

Key Points

• Stephen Daintith, an insider at Ocado Group, acquired 65 shares of stock at GBX 233 per share, following previous purchases of 62 and 40 shares in September and August, respectively.
• Ocado Group's stock recently traded up by 0.4%, reaching GBX 239.30, with a market cap of £1.98 billion and a PE ratio of 509.15.
• JPMorgan Chase & Co. raised their price target for Ocado Group from GBX 400 to GBX 437 and maintained an "overweight" rating for the stock.

Ocado Group plc (LON:OCDO - Get Free Report) insider Stephen Daintith acquired 65 shares of the company's stock in a transaction dated Wednesday, October 15th. The shares were bought at an average cost of GBX 233 per share, with a total value of £151.45.

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

• On Monday, September 15th, Stephen Daintith purchased 62 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 243 per share, with a total value of £150.66.
• On Friday, August 15th, Stephen Daintith purchased 40 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 374 per share, with a total value of £149.60.

Ocado Group Trading Up 0.4%

OCDO stock traded up GBX 0.90 on Thursday, reaching GBX 239.30. The company's stock had a trading volume of 2,860,680 shares, compared to its average volume of 7,495,227. The business has a fifty day simple moving average of GBX 288.91 and a two-hundred day simple moving average of GBX 278.87. Ocado Group plc has a 12-month low of GBX 216.80 and a 12-month high of GBX 397.90. The firm has a market cap of £1.98 billion, a PE ratio of 509.15 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price objective on Ocado Group from GBX 400 to GBX 437 and gave the stock an "overweight" rating in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of GBX 437.

About Ocado Group

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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