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

Key Points

• Tim Steiner, an insider at Ocado Group plc, purchased 40 shares of the company's stock on August 15th at an average price of GBX 374 ($5.07).
• Ocado Group's shares fell by 1.8%, trading at GBX 353.30 ($4.79) during mid-day trading on Monday.
• JPMorgan Chase & Co. raised their price target for Ocado Group's shares from GBX 400 ($5.42) to GBX 437 ($5.93), assigning an "overweight" rating to the stock.

Ocado Group plc (LON:OCDO - Get Free Report) insider Tim Steiner acquired 40 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was acquired at an average price of GBX 374 per share, with a total value of £149.60.

Ocado Group Trading Down 0.4%

Ocado Group stock traded down GBX 1.40 during mid-day trading on Friday, hitting GBX 358.70. The company's stock had a trading volume of 839,360 shares, compared to its average volume of 7,971,167. 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 stock's fifty day moving average is GBX 294.55 and its two-hundred day moving average is GBX 283.06. Ocado Group plc has a 1 year low of GBX 222.10 and a 1 year high of GBX 411. The firm has a market capitalization of £3.01 billion, a PE ratio of -13.65 and a beta of 1.85.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.