Ocado Group plc (LON:OCDO - Get Free Report) shares traded down 12.9% on Friday . The stock traded as low as GBX 259.30 ($3.53) and last traded at GBX 261.40 ($3.56). 33,147,523 shares were traded during trading, an increase of 308% from the average session volume of 8,128,469 shares. The stock had previously closed at GBX 300 ($4.08).
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. upped their price objective on shares of Ocado Group from GBX 400 to GBX 437 and gave the stock an "overweight" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of GBX 437.
Read Our Latest Report on OCDO
Ocado Group Stock Performance
The company's fifty day moving average price is GBX 318.87 and its 200 day moving average price is GBX 282.97. The company has a market cap of £1.87 billion, a PE ratio of 479.79 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82.
Ocado Group Company Profile
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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.
Further Reading
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