Ocado Group plc (LON:OCDO - Get Free Report) shares were down 9.8% during mid-day trading on Saturday . The company traded as low as GBX 240.30 ($3.26) and last traded at GBX 270.71 ($3.67). Approximately 15,986,102 shares traded hands during trading, an increase of 99% from the average daily 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. lifted 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, 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 Up 1.4%
The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82. The business has a 50 day moving average price of GBX 318.28 and a 200 day moving average price of GBX 282.02. The firm has a market capitalization of £1.91 billion, a P/E ratio of 491.28 and a beta of 1.85.
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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