Ocado Group (LON:OCDO) Insider Tim Steiner Buys 61 Shares

Key Points

• Insider buying: Ocado Group CEO Tim Steiner purchased 61 shares at GBX 243 each, totaling £148.23. He has also made two other small purchases since June.
• Financial performance: Ocado reported quarterly EPS of negative GBX 3.90, with a negative net margin of 14.29% and negative return on equity of 15.94%.
• Analyst outlook: Despite the stock’s recent 3% decline, analysts maintain a consensus “Buy” rating with an average price target of GBX 300, above its opening price of GBX 242.48.

Ocado Group plc (LON:OCDO - Get Free Report) insider Tim Steiner purchased 61 shares of the firm's stock in a transaction on Monday, August 17th. The shares were acquired at an average price of GBX 243 per share, for a total transaction of £148.23.

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

• On Wednesday, July 15th, Tim Steiner acquired 87 shares of Ocado Group stock. The shares were bought at an average cost of GBX 172 per share, for a total transaction of £149.64.
• On Friday, June 12th, Tim Steiner purchased 76 shares of Ocado Group stock. The stock was bought at an average price of GBX 198 per share, for a total transaction of £150.48.

Ocado Group Stock Down 3.0%

OCDO opened at GBX 242.48 on Wednesday. Ocado Group plc has a twelve month low of GBX 140.30 and a twelve month high of GBX 362.90. The firm has a market cap of £2.02 billion, a price-to-earnings ratio of -8.00 and a beta of 2.40. The firm's 50-day simple moving average is GBX 194.87 and its 200-day simple moving average is GBX 200.68. The company has a debt-to-equity ratio of 110.64, a quick ratio of 2.81 and a current ratio of 1.41.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on OCDO shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 310 target price on shares of Ocado Group in a report on Monday, June 1st. JPMorgan Chase & Co. increased their price target on Ocado Group from GBX 245 to GBX 290 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Two investment 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 price target 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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