Ocado Group (LON:OCDO) Sets New 1-Year Low - Here's What Happened
Ocado Group (LON:OCDO) reached a new 52-week low of GBX 215.10 during trading, closing at GBX 218.10. JPMorgan Chase raised its price target from GBX 400 to GBX 437, maintaining an "overweight" rating. The company has a debt-to-equity ratio of 144.16 and a market cap of £1.81 billion. Analysts rate Ocado as a "Buy" with a consensus price target of GBX 437, although it is not among the top recommended stocks currently.
Ocado Group plc (LON:OCDO - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 215.10 and last traded at GBX 218.10, with a volume of 1219161 shares changing hands. The stock had previously closed at GBX 220.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. boosted their price objective on Ocado Group from GBX 400 to GBX 437 and gave the company an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of GBX 437.
Check Out Our Latest Analysis on Ocado Group
Ocado Group Trading Down 0.9%
The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35. The firm has a 50 day simple moving average of GBX 261.40 and a two-hundred day simple moving average of GBX 275.66. The firm has a market capitalization of £1.81 billion, a P/E ratio of 4.64 and a beta of 1.85.
About Ocado Group
(Get Free Report)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.
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