Shares of Ocado Group plc (LON:OCDO - Get Free Report) traded down 13.6% during mid-day trading on Friday . The stock traded as low as GBX 257.90 ($3.52) and last traded at GBX 259.20 ($3.54). 33,492,609 shares changed hands during trading, an increase of 312% from the average session volume of 8,130,419 shares. The stock had previously closed at GBX 300 ($4.10).
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. upped their price target on Ocado Group from GBX 400 to GBX 437 and gave the company 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, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 437.
Get Our Latest Analysis on Ocado Group
Ocado Group Price Performance
The company has a 50 day moving average of GBX 318.72 and a two-hundred day moving average of GBX 282.57. The firm has a market cap of £1.87 billion, a P/E 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.
Ocado Group Company Profile
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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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