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Ocado Group (OCDO) Stock Forecast & Price Target

Ocado Group logo
GBX 306.70 +2.00 (+0.66%)
(As of 11/21/2024 11:52 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

Sell
1
Hold
1
Buy
0

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

Consensus Price Target

GBX 320
According to the 2 analysts' twelve-month price targets for Ocado Group, the average price target is GBX 320. The highest price target for OCDO is GBX 380, while the lowest price target for OCDO is GBX 260. The average price target represents a forecasted upside of 4.34% from the current price of GBX 306.70.
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OCDO Analyst Ratings Over Time

TypeCurrent Forecast
11/23/23 to 11/22/24
1 Month Ago
10/24/23 to 10/23/24
3 Months Ago
8/25/23 to 8/24/24
1 Year Ago
11/23/22 to 11/23/23
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)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
3 Sell rating(s)
Consensus Price TargetGBX 320GBX 320GBX 356.67GBX 600.20
Consensus Rating
Reduce
Reduce
Sell
Reduce

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
2.47
Consensus RatingReduceHold
News Sentiment Rating
Positive News

See Recent OCDO News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/19/2024Shore Capital
1 of 5 stars
 Reiterated RatingNot Rated
7/15/2024Berenberg Bank
2 of 5 stars
 DowngradeUnderperformGBX 1,000 ➝ GBX 260-22.69%
6/28/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetNeutralGBX 450 ➝ GBX 380+31.53%
10/16/2023Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeUnderweightGBX 680 ➝ GBX 430-15.59%
4/27/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageHoldGBX 550+6.63%
2/28/2023Peel Hunt
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuyGBX 1,061+98.17%
1/26/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeUnderperformGBX 800 ➝ GBX 560-19.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:33 AM ET.


OCDO Forecast - Frequently Asked Questions

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Ocado Group is GBX 320, with a high forecast of GBX 380 and a low forecast of GBX 260.

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ocado Group in the last twelve months. There is currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" OCDO shares.

According to analysts, Ocado Group's stock has a predicted upside of 4.34% based on their 12-month stock forecasts.

Ocado Group has been rated by research analysts at Shore Capital in the past 90 days.

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.


This page (LON:OCDO) was last updated on 11/22/2024 by MarketBeat.com Staff
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