Shares of Ocado Group plc (LON:OCDO - Get Free Report) traded down 9.8% 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 were traded 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).
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. boosted their price objective 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 analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of GBX 437.
Read Our Latest Stock Analysis on OCDO
Ocado Group Stock Performance
The stock has a market capitalization of £2.24 billion, a P/E ratio of 575.99 and a beta of 1.85. The company has a 50 day simple moving average of GBX 318.95 and a 200-day simple moving average of GBX 283.18. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82.
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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