Ocado Group (LON:OCDO) Insider Stephen Daintith Buys 62 Shares of Stock

Key Points

• Insider Stephen Daintith of Ocado Group purchased 62 shares at an average price of GBX 243, amounting to a total of £150.66 on September 15th.
• Ocado Group's stock recently traded down by 2.1%, hitting GBX 225.50, with a market capitalization of £1.87 billion and a P/E ratio of 479.79.
• JPMorgan Chase & Co. upgraded Ocado Group's target price from GBX 400 to GBX 437, maintaining an "overweight" rating as part of a consensus "Buy" rating from analysts.

Ocado Group plc (LON:OCDO - Get Free Report) insider Stephen Daintith bought 62 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was purchased at an average cost of GBX 243 per share, with a total value of £150.66.

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

• On Friday, August 15th, Stephen Daintith purchased 40 shares of Ocado Group stock. The shares were purchased at an average price of GBX 374 per share, with a total value of £149.60.

Ocado Group Trading Down 3.9%

Shares of OCDO traded down GBX 9.10 on Friday, hitting GBX 221.80. 10,556,972 shares of the stock traded hands, compared to its average volume of 7,984,219. Ocado Group plc has a 1 year low of GBX 218.20 and a 1 year high of GBX 410.80. The stock's 50 day moving average is GBX 318.02 and its two-hundred day moving average is GBX 281.99. The firm has a market capitalization of £1.83 billion, a P/E ratio of 471.91 and a beta of 1.85. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16.

Analyst Ratings Changes

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

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.