Shares of Ocado Group plc (LON:OCDO - Get Free Report) dropped 10.6% on Friday . The stock traded as low as GBX 267 ($3.64) and last traded at GBX 268.10 ($3.66). Approximately 28,714,279 shares traded hands during trading, an increase of 254% from the average daily volume of 8,103,423 shares. The stock had previously closed at GBX 300 ($4.10).
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. boosted their price objective on shares of Ocado Group from GBX 400 to GBX 437 and gave the company an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 437.
Check Out Our Latest Report on OCDO
Ocado Group Stock Performance
The firm has a market capitalization of £1.87 billion, a price-to-earnings ratio of 479.79 and a beta of 1.85. 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 50-day moving average price of GBX 318.72 and a 200 day moving average price of GBX 282.57.
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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