Ocado Group plc (LON:OCDO – Get Free Report)’s stock price hit a new 52-week high on Tuesday. The stock traded as high as GBX 356 and last traded at GBX 353.60, with a volume of 1,880,170 shares trading hands. The stock had previously closed at GBX 334.20.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. increased their price target on shares of Ocado Group from GBX 245 to GBX 290 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 300.
Check Out Our Latest Stock Analysis on Ocado Group
Ocado Group Price Performance
The company has a debt-to-equity ratio of 110.64, a quick ratio of 2.81 and a current ratio of 1.41. The company’s fifty day simple moving average is GBX 271.94 and its two-hundred day simple moving average is GBX 221.47. The stock has a market capitalization of £2.98 billion, a PE ratio of -11.76 and a beta of 2.36.
About Ocado Group
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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