Ocado Group (OCDO) Stock Forecast & Price Target

GBX 445.90

+20.40 (+4.79%)

(As of 07/26/2024 ET)

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Ocado Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
Based on 3 Analyst Ratings

Based on 3 Wall Street analysts who have issued ratings for Ocado Group in the last 12 months, the stock has a consensus rating of "Sell." Out of the 3 analysts, 2 have given a sell rating, and 1 has given a hold rating for OCDO.

Consensus Price Target

GBX 356.67

High Forecast	GBX 430
Average Forecast	GBX 356.67
Low Forecast	GBX 260

According to the 3 analysts' twelve-month price targets for Ocado Group, the average price target is GBX 356.67. The highest price target for OCDO is GBX 430, while the lowest price target for OCDO is GBX 260. The average price target represents a forecasted downside of -20.01% from the current price of GBX 445.90.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Sell	Reduce	Reduce	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	GBX 356.67	GBX 390	GBX 515	GBX 642.20

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OCDO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

OCDO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ocado Group Stock vs. The Competition

Type	Ocado Group	Consumer Defensive Companies
Consensus Rating Score	1.33	2.34
Consensus Rating	Sell	Hold
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/15/2024	Berenberg Bank 2 of 5 stars	Downgrade	Underperform	GBX 1,000 ➝ GBX 260	-22.69%
6/28/2024	JPMorgan Chase & Co. 3 of 5 stars	Lower Target	Neutral	GBX 450 ➝ GBX 380	+31.53%
10/16/2023	Barclays 2 of 5 stars	Downgrade	Underweight	GBX 680 ➝ GBX 430	-15.59%
7/24/2023	Shore Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Not Rated
4/27/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	GBX 550	+6.63%
2/28/2023	Peel Hunt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 1,061	+98.17%
1/26/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Underperform	GBX 800 ➝ GBX 560	-19.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:19 AM ET.

OCDO Forecast - Frequently Asked Questions

What is Ocado Group's forecast for 2024?: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Ocado Group is GBX 356.67, with a high forecast of GBX 430 and a low forecast of GBX 260.
Should I buy or sell Ocado Group stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ocado Group in the last twelve months. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" OCDO shares.
Does Ocado Group's stock price have much downside?: According to analysts, Ocado Group's stock has a predicted downside of -5.69% based on their 12-month stock forecasts.
Has Ocado Group been downgraded by Wall Street analysts recently?: Over the previous 90 days, Ocado Group's stock had 1 downgrade by analysts.
What analysts cover Ocado Group?: Ocado Group has been rated by research analysts at Berenberg Bank, and JPMorgan Chase & Co. in the past 90 days.
Do Wall Street analysts like Ocado Group more than its competitors?: Analysts like Ocado Group less than other "consumer defensive" companies. The consensus rating for Ocado Group is Sell while the average consensus rating for "consumer defensive" companies is Hold. Learn more on how OCDO compares to other companies.