Tim Steiner Purchases 62 Shares of Ocado Group (LON:OCDO) Stock

Key Points

• Tim Steiner, an insider at Ocado Group, purchased 62 shares at an average cost of GBX 243, following another recent buy of 40 shares at GBX 374 each.
• Ocado Group's shares traded down to GBX 225.50 with a market capitalization of £1.87 billion and a P/E ratio of 479.79.
• JPMorgan Chase & Co. raised their price target on Ocado group shares from GBX 400 to GBX 437, maintaining an "overweight" rating.

Ocado Group plc (LON:OCDO - Get Free Report) insider Tim Steiner purchased 62 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were bought at an average price of GBX 243 per share, for a total transaction of £150.66.

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

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

Ocado Group Trading Down 3.9%

OCDO stock traded down GBX 9.10 during midday trading on Friday, reaching GBX 221.80. The company's stock had a trading volume of 10,556,972 shares, 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 has a fifty day simple moving average of GBX 318.02 and a two-hundred day simple moving average of GBX 281.99. The firm has a market capitalization of £1.83 billion, a price-to-earnings ratio of 471.91 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective 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, the company has an average rating of "Buy" and an average price target 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.