Ocado Group plc (LON:OCDO - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 283.22 ($3.84) and traded as high as GBX 358.70 ($4.86). Ocado Group shares last traded at GBX 344.40 ($4.67), with a volume of 2,549,921 shares traded.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. increased their target price on Ocado Group from GBX 400 to GBX 437 and gave the stock 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, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 437.
Get Our Latest Analysis on OCDO
Ocado Group Price Performance
The company has a market capitalization of £2.73 billion, a price-to-earnings ratio of 702.47 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. The business has a fifty day moving average price of GBX 306.83 and a 200 day moving average price of GBX 283.43.
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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