Tim Steiner Purchases 87 Shares of Ocado Group (LON:OCDO) Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner acquired 87 shares of the business’s stock in a transaction dated Wednesday, July 15th. The shares were bought at an average price of GBX 172 per share, for a total transaction of £149.64.

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

• On Friday, June 12th, Tim Steiner bought 76 shares of Ocado Group stock. The shares were acquired at an average price of GBX 198 per share, with a total value of £150.48.
• On Friday, May 15th, Tim Steiner bought 81 shares of Ocado Group stock. The shares were acquired at an average cost of GBX 185 per share, with a total value of £149.85.

Ocado Group Trading Down 18.3%

Shares of OCDO stock opened at GBX 145.20 on Thursday. Ocado Group plc has a fifty-two week low of GBX 140.30 and a fifty-two week high of GBX 397.90. The firm has a market capitalization of £1.21 billion, a P/E ratio of 2.98 and a beta of 2.39. The company has a debt-to-equity ratio of 131.70, a quick ratio of 2.81 and a current ratio of 2.00. The stock’s fifty day moving average is GBX 191.51 and its two-hundred day moving average is GBX 209.17.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 310 target price on shares of Ocado Group in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 373.50.

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.