Insider Buying: Ocado Group (LON:OCDO) Insider Purchases 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 company's stock in a transaction dated Monday, September 15th. The stock was purchased at an average price 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 bought at an average cost of GBX 374 per share, for a total transaction of £149.60.

Ocado Group Trading Up 0.7%

OCDO traded up GBX 1.50 during trading on Thursday, reaching GBX 229.20. 9,558,349 shares of the company's stock were exchanged, compared to its average volume of 8,002,899. The stock has a market capitalization of £1.90 billion, a PE ratio of 487.66 and a beta of 1.85. Ocado Group plc has a one year low of GBX 218.20 and a one year high of GBX 411. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16. The firm has a fifty day moving average price of GBX 318.51 and a two-hundred day moving average price of GBX 282.18.

Analysts Set New Price Targets

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