Ocado Group (LON:OCDO) Reaches New 1-Year Low – Should You Sell?

Ocado Group plc (LON:OCDO)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 203.30 and last traded at GBX 204.38, with a volume of 19518881 shares trading hands. The stock had previously closed at GBX 208.40.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their target price on shares of Ocado Group from GBX 400 to GBX 437 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Ocado Group has a consensus rating of “Buy” and an average price target of GBX 437.

Ocado Group Trading Down 1.1%

The company has a market capitalization of £1.63 billion, a P/E ratio of 4.19 and a beta of 1.85. The company has a 50-day simple moving average of GBX 244.59 and a 200 day simple moving average of GBX 271.71. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.

Ocado Group Company Profile

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.