Shares of Ocado Group plc (LON:OCDO - Get Free Report) traded down 10.5% during mid-day trading on Friday . The company traded as low as GBX 264.70 ($3.61) and last traded at GBX 268.50 ($3.67). 31,407,805 shares traded hands during mid-day trading, an increase of 287% from the average session volume of 8,118,640 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 note on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ocado Group currently has an average rating of "Buy" and a consensus target price 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 firm has a 50 day moving average price of GBX 318.72 and a two-hundred day moving average price of GBX 282.57. The company has a market capitalization of £1.87 billion, a price-to-earnings ratio of 479.79 and a beta of 1.85.
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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