Exane BNP Paribas Analyst Reaffirmed GBX 215.00 Price Target on Ocado Group Plc (LON:OCDO) stock, While Reiterating Underperform Rating

Ocado Group Plc (LON:OCDO) Rating

Exane BNP Paribas currently has a GBX 215.00 TP on the 1.62 billion GBP market cap company or -16.54% downside potential. In an analyst note sent to investors and clients on Thursday, 29 September, Ocado Group Plc (LON:OCDO) stock had its Underperform Rating maintained by stock analysts at Exane BNP Paribas.

Out of 15 analysts covering Ocado Group (LON:OCDO), 8 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 53% are positive. GBX 700 is the highest target while GBX 189 is the lowest. The GBX 344.36 average target is 33.73% above today’s (GBX 257.5) stock price. Ocado Group has been the topic of 77 analyst reports since October 20, 2015 according to StockzIntelligence Inc. BNP Paribas maintained the stock on September 29 with “Underperform” rating. HSBC maintained it with “Reduce” rating and GBX 190 target price in a September 14 report. Barclays Capital downgraded the shares of OCDO in a report on September 21 to “Sell” rating. Numis Securities maintained the firm’s rating on September 13. Numis Securities has “Buy” rating and GBX 400 price target. Lastly, Societe Generale maintained the stock with “Sell” rating in a September 14 report.

About 402,890 shares traded hands. Ocado Group PLC (LON:OCDO) has declined 9.68% since February 26, 2016 and is downtrending. It has underperformed by 20.94% the S&P500.

Ocado Group plc is a United Kingdom firm engaged in grocery retailing and the development and monetization of intellectual property and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The company has a market cap of 1.62 billion GBP. The Firm sells groceries and other every day and specialist products to clients placing orders through its interfaces. It has a 120.84 P/E ratio. The Firm offers approximately 47,000 stock keeping unit (SKU) at Ocado.com.

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