Ocado Group (OCDGF) Receives a Buy from Citigroup

In a report issued on April 9, Nick Coulter from Citigroup reiterated a Buy rating on Ocado Group (OCDGFResearch Report), with a price target of p2900.00. The company’s shares closed last Friday at $29.37.

According to TipRanks.com, Coulter is ranked #5386 out of 7431 analysts.

Currently, the analyst consensus on Ocado Group is a Moderate Buy with an average price target of $38.18.

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The company has a one-year high of $39.25 and a one-year low of $16.50. Currently, Ocado Group has an average volume of 8,061.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is neutral on the stock.

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Ocado Group Plc engages in the operation of online grocery supermarket. It operates through the following segments: Retail, UK Solutions & Logistics, and International Solutions. The Retail segment provides online grocery and general merchandise offerings to customers within the UK. The UK Solutions & Logistics segment reflects contracts with the Ocado Retail joint venture and Morrisons, inclusive of both solutions contracts and service agreements with Ocado Logistics for the provision of third party logistics and other services. The International Solutions segment deals with international partners for the provision of Ocado Smart Platform. The company was founded by Jonathan Faiman, Jason Gissing, and Timothy Steiner in April 2000 and is headquartered in Hatfield, the United Kingdom.