Ocado Group plc (LON:OCDO - Get Free Report) shares fell 13.6% during trading on Friday . The stock traded as low as GBX 257.90 ($3.50) and last traded at GBX 259.20 ($3.52). 33,492,609 shares changed hands during mid-day trading, an increase of 312% from the average session volume of 8,130,419 shares. The stock had previously closed at GBX 300 ($4.07).
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. boosted their target price on Ocado Group from GBX 400 to GBX 437 and gave the stock an "overweight" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Ocado Group currently has an average rating of "Buy" and a consensus price target of GBX 437.
Check Out Our Latest Stock Report on OCDO
Ocado Group Stock Performance
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 company has a market capitalization of £2.14 billion, a price-to-earnings ratio of 551.49 and a beta of 1.85. The stock has a 50-day simple moving average of GBX 318.45 and a 200-day simple moving average of GBX 283.82.
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.
Further Reading
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