Shares of Ocado Group plc (LON:OCDO - Get Free Report) dropped 9.8% on Friday . The company traded as low as GBX 240.30 ($3.28) and last traded at GBX 270.71 ($3.70). Approximately 15,986,102 shares were traded during trading, an increase of 99% from the average daily volume of 8,031,512 shares. The stock had previously closed at GBX 300 ($4.10).
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. upped their target price on Ocado Group from GBX 400 to GBX 437 and gave the company an "overweight" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Ocado Group currently has an average rating of "Buy" and an average price target of GBX 437.
Read Our Latest Analysis on OCDO
Ocado Group Price Performance
The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. The stock has a market capitalization of £1.87 billion, a PE ratio of 479.79 and a beta of 1.85. The company has a 50-day moving average of GBX 318.72 and a 200 day moving average of GBX 282.57.
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.
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