Ocado Group plc (LON:OCDO - Get Free Report)'s share price was down 9.8% during mid-day trading on Friday . The company traded as low as GBX 240.30 ($3.26) and last traded at GBX 270.71 ($3.68). Approximately 15,986,102 shares changed hands during mid-day trading, an increase of 99% from the average daily volume of 8,031,512 shares. The stock had previously closed at GBX 300 ($4.07).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. increased their target price 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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, Ocado Group has an average rating of "Buy" and an average price target of GBX 437.
Check Out Our Latest Stock Analysis on OCDO
Ocado Group Stock Performance
The firm has a market cap of £2.24 billion, a PE ratio of 575.99 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. The stock's 50 day moving average price is GBX 318.45 and its 200 day moving average price is GBX 283.82.
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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