Ocado Group (LON:OCDO) Stock: Insider Tim Steiner Acquires 50 Shares

Key Points

• Insider buying: Tim Steiner purchased 50 Ocado Group shares at GBX 302 each, worth £151, following purchases in August and September.
• Stock performance: Shares traded at GBX 291, near the company’s 12-month high of GBX 316.40, while Ocado reported negative EPS, net margin, and return on equity.
• Analyst outlook: JPMorgan raised its price target to GBX 290, and analysts maintain a consensus “Buy” rating with an average target price of GBX 300.

Ocado Group plc (LON:OCDO - Get Free Report) insider Tim Steiner purchased 50 shares of the firm's stock in a transaction on Thursday, October 15th. The stock was bought at an average cost of GBX 302 per share, with a total value of £151.

Tim Steiner also recently made the following trade(s):

• On Tuesday, September 15th, Tim Steiner acquired 74 shares of Ocado Group stock. The shares were bought at an average price of GBX 204 per share, with a total value of £150.96.
• On Monday, August 17th, Tim Steiner acquired 61 shares of Ocado Group stock. The shares were bought at an average cost of GBX 243 per share, for a total transaction of £148.23.

Ocado Group Stock Performance

Shares of LON OCDO traded down GBX 9 during mid-day trading on Friday, hitting GBX 291. The stock had a trading volume of 10,087,094 shares, compared to its average volume of 19,413,656. The company has a debt-to-equity ratio of 110.64, a quick ratio of 2.81 and a current ratio of 1.41. The company has a 50 day moving average of GBX 241.63 and a two-hundred day moving average of GBX 209.99. Ocado Group plc has a twelve month low of GBX 140.30 and a twelve month high of GBX 316.40. The firm has a market cap of £2.43 billion, a PE ratio of -9.60 and a beta of 2.41.

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective on shares of Ocado Group from GBX 245 to GBX 290 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Ocado Group currently has a consensus rating of "Buy" and an average target price 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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