Ocado Group plc (LON:OCDO - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 283.22 ($3.82) and traded as high as GBX 358.70 ($4.84). Ocado Group shares last traded at GBX 344.40 ($4.64), with a volume of 2,549,921 shares.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. lifted their price objective on shares of Ocado Group from GBX 400 to GBX 437 and gave the stock an "overweight" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Ocado Group has a consensus rating of "Buy" and a consensus price target of GBX 437.
View Our Latest Research Report on Ocado Group
Ocado Group Price Performance
The firm has a 50-day simple moving average of GBX 298.61 and a two-hundred day simple moving average of GBX 283.22. The company has a market capitalization of £2.92 billion, a price-to-earnings ratio of -13.23 and a beta of 1.85. The company has a current ratio of 2.35, a quick ratio of 2.82 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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