Ocado Group plc (LON:OCDO - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 283.82 ($3.87) and traded as high as GBX 316.40 ($4.32). Ocado Group shares last traded at GBX 305.35 ($4.17), with a volume of 3,220,764 shares traded.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. boosted their price target on Ocado Group from GBX 400 to GBX 437 and gave the stock an "overweight" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 437.
Read Our Latest Research Report on Ocado Group
Ocado Group Stock Performance
The firm has a market cap of £1.87 billion, a PE ratio of 480.85 and a beta of 1.85. The business has a 50 day simple moving average of GBX 318.72 and a two-hundred day simple moving average of GBX 282.57. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16.
About Ocado Group
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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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