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Ocado Group (OCDO) Stock Forecast & Price Target

GBX 374.08
+13.98 (+3.88%)
(As of 07:59 AM ET)

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

Reduce
Based on 2 Analyst Ratings

Consensus Price Target

GBX 390
High ForecastGBX 430
Average ForecastGBX 390
Low ForecastGBX 350
TypeCurrent Forecast
5/31/23 to 5/30/24
1 Month Ago
5/1/23 to 4/30/24
3 Months Ago
3/2/23 to 3/1/24
1 Year Ago
5/31/22 to 5/31/23
Consensus Rating
Reduce
Reduce
Reduce
Hold
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)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price TargetGBX 390GBX 515GBX 526.67GBX 783.50
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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.
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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.
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Ocado Group Stock vs. The Competition

TypeOcado GroupConsumer Defensive Companies
Consensus Rating Score
1.50
2.39
Consensus RatingReduceHold
News Sentiment RatingNeutral News
Neutral News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/13/2024JPMorgan Chase & Co.
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 Lower TargetNeutralGBX 600 ➝ GBX 350+2.34%
10/16/2023Barclays
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 DowngradeUnderweightGBX 680 ➝ GBX 430-15.59%
7/24/2023Shore Capital
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 Reiterated RatingNot Rated
4/27/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHoldGBX 550+6.63%
2/28/2023Peel Hunt
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 Reiterated RatingBuyGBX 1,061+98.17%
1/26/2023Royal Bank of Canada
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 DowngradeUnderperformGBX 800 ➝ GBX 560-19.09%
7/25/2022Berenberg Bank
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 Lower TargetBuyGBX 1,415 ➝ GBX 1,290+65.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:23 AM ET.

OCDO Frequently Asked Questions

What is Ocado Group's stock forecast and purchase recommendation?

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Ocado Group is GBX 390, with a high forecast of GBX 430 and a low forecast of GBX 350. The consensus rating for Ocado Group stock is Reduce based on the current 1 sell rating and 1 hold rating for OCDO. Learn more on OCDO's analyst rating history.

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 Reduce while the average consensus rating for "consumer defensive" companies is Hold. Learn more on how OCDO compares to other companies.

Does Ocado Group's stock price have much downside?

According to analysts, Ocado Group's stock has a predicted downside of -8.39% based on their 12-month stock forecasts.

What analysts cover Ocado Group?

Ocado Group has been rated by research analysts at JPMorgan Chase & Co. in the past 90 days.


Stock Forecasts and Research Tools

This page (LON:OCDO) was last updated on 5/30/2024 by MarketBeat.com Staff

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