Shares of Ocado Group plc (LON:OCDO - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 283.78 ($3.83) and traded as high as GBX 314.30 ($4.24). Ocado Group shares last traded at GBX 307.30 ($4.15), with a volume of 2,652,736 shares changing hands.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. upped 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Ocado Group has a consensus rating of "Buy" and a consensus target price of GBX 437.
Check Out Our Latest Research Report on OCDO
Ocado Group Stock Up 1.2%
The firm's 50-day moving average price is GBX 312.88 and its 200 day moving average price is GBX 283.52. The company has a market capitalization of £2.60 billion, a price-to-earnings ratio of 667.66 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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