Ocado Group plc (LON:OCDO - Get Free Report) shares traded down 9.8% during trading on Saturday . The stock traded as low as GBX 240.30 ($3.26) and last traded at GBX 270.71 ($3.67). 15,986,102 shares changed hands during mid-day trading, an increase of 99% from the average session volume of 8,031,512 shares. The stock had previously closed at GBX 300 ($4.07).
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. boosted their price objective 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Ocado Group presently has an average rating of "Buy" and an average price target of GBX 437.
Check Out Our Latest Research Report on Ocado Group
Ocado Group Price Performance
The company has a market cap of £1.91 billion, a PE ratio of 491.28 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35. The stock has a 50 day moving average of GBX 318.28 and a 200-day moving average of GBX 282.02.
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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