Ocado Group plc (LON:OCDO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 363.29 ($4.72) and traded as high as GBX 365 ($4.74). Ocado Group shares last traded at GBX 357 ($4.64), with a volume of 795,371 shares.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on OCDO. Shore Capital restated a "not rated" rating on shares of Ocado Group in a research report on Thursday, September 19th. Berenberg Bank lowered Ocado Group to an "underperform" rating and reduced their price objective for the stock from GBX 1,000 ($12.98) to GBX 260 ($3.38) in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. lowered their target price on Ocado Group from GBX 450 ($5.84) to GBX 380 ($4.93) and set a "neutral" rating on the stock in a research report on Friday, June 28th.
Check Out Our Latest Analysis on Ocado Group
Ocado Group Price Performance
The firm has a market cap of £2.91 billion, a PE ratio of -1,373.08 and a beta of 1.85. The firm's fifty day simple moving average is GBX 362.81 and its two-hundred day simple moving average is GBX 363.29. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 143.47.
About Ocado Group
(
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Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.
Further Reading
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