Insider Buying: Ocado Group plc (LON:OCDO) Insider Buys 40 Shares of Stock

Key Points

• Ocado Group plc insider Stephen Daintith purchased 40 shares of the company's stock at an average price of GBX 374 ($5.07), totaling £149.60 ($202.87).
• Analysts at JPMorgan Chase & Co. raised their price target for Ocado Group shares from GBX 400 ($5.42) to GBX 437 ($5.93), rating the stock as "overweight."
• Ocado Group is a UK-based technology firm specializing in online grocery fulfilment solutions and maintains a 50% stake in Ocado Retail Ltd alongside Marks & Spencer.

Ocado Group plc (LON:OCDO - Get Free Report) insider Stephen Daintith acquired 40 shares of the business's stock in a transaction dated Friday, August 15th. The shares were acquired at an average cost of GBX 374 ($5.07) per share, with a total value of £149.60 ($202.87).

Ocado Group Price Performance

LON OCDO traded down GBX 6.60 ($0.09) during mid-day trading on Monday, hitting GBX 353.30 ($4.79). The stock had a trading volume of 986,909 shares, compared to its average volume of 8,134,865. The stock has a market capitalization of £2.97 billion, a price-to-earnings ratio of -13.45 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82. Ocado Group plc has a twelve month low of GBX 222.10 ($3.01) and a twelve month high of GBX 493.95 ($6.70). The firm's 50 day moving average is GBX 284.90 and its 200 day moving average is GBX 280.82.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on shares of Ocado Group from GBX 400 ($5.42) to GBX 437 ($5.93) and gave the stock an "overweight" rating in a research report on Friday, August 1st.

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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