What do analysts think about Ocado?

What do analysts think about Ocado?

Article image

Company analysts usually understand the stocks they cover better than just about anyone else. For that reason, it can be useful to know whether they think investors should 'buy', 'hold' or 'sell' them. These kinds of clues can give you a steer on what the experts think the future holds...

Take Ocado (LON:OCDO) as an example. Shares in the company have risen by 20.0% over the past month and it’s currently trading at 916.8p. But what are the trading recommendations of the analysts that cover it?

Based on the broker 'consensus', there could be reasons to believe that the positive recent trend will continue. In terms of trading recommendations, Ocado currently has:

  • 8 Buy recommendations
  • 7 Hold recommendations
  • 1 Sell recommendations

This suggests that analysts are generally upbeat about the outlook.

At its current price of 916.8p, shares in Ocado are trading at a discount of -56.4% to its 52 week high price. The 1-year performance of the shares has been -51.7%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Ocado it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Ocado that you can find out about here.

About us

Stockopedia helps individual investors make confident, profitable choices in the stock market. Our StockRank and factor investing toolbox unlocks institutional-quality insights into thousands of global stocks. Voted “Best Investment Research Tools” and “Best Research Service” at the 2021 UK Investor Magazine awards.

Ocado's StockRank™

Sucker StockSpeculative

Ocado's StockRank™

With a StockRank of 8, Ocado is in the bottom 8% of the 7,668 stocks we cover in Europe, according to our proprietary ranking system.

See the full StockReport

Absolutely Perfect

"Trialed multiple other platforms - this is by far my favourite. Other platforms do not even have half the stuff that you can find on Stockopedia. Love it!"

As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.