Ocado Group (LON:OCDO) Price Target Raised to GBX 437 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised Ocado Group's price target from GBX 400 ($5.28) to GBX 437 ($5.77), indicating a potential upside of 38.77% based on the company's previous close.
• Ocado Group shares opened at GBX 314.90 ($4.16) and the company has a market capitalization of £2.64 billion with a PE ratio of -11.99.
• Ocado Group specializes in end-to-end online grocery fulfillment solutions through its Ocado Smart Platform, holding a 50% stake in Ocado Retail Ltd in a joint venture with Marks & Spencer.

Ocado Group (LON:OCDO - Get Free Report) had its price objective upped by analysts at JPMorgan Chase & Co. from GBX 400 ($5.28) to GBX 437 ($5.77) in a research report issued to clients and investors on Friday, Marketbeat reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 38.77% from the company's previous close.

Ocado Group Trading Down 0.3%

Shares of OCDO stock opened at GBX 314.90 ($4.16) on Friday. The stock has a market capitalization of £2.64 billion, a PE ratio of -11.99 and a beta of 1.85. Ocado Group has a 1-year low of GBX 222.10 ($2.93) and a 1-year high of GBX 493.95 ($6.53). The business has a 50-day moving average of GBX 262.38 and a 200 day moving average of GBX 277.77. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82.

About Ocado Group

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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