Shares of Ocado Group plc (LON:OCDO - Get Free Report) fell 9.8% during trading on Saturday . The company 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 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 shares of Ocado Group from GBX 400 to GBX 437 and gave the stock an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of GBX 437.
Read Our Latest Report on OCDO
Ocado Group Stock Up 1.4%
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 quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. The firm's fifty day simple moving average is GBX 318.28 and its 200-day simple moving average is GBX 282.02.
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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