Ocado Group’s (OCDO) Not Rated Rating Reiterated at Shore Capital

Shore Capital reiterated their not rated rating on shares of Ocado Group (LON:OCDO) in a research note published on Thursday morning, Marketbeat Ratings reports.

A number of other research firms have also weighed in on OCDO. JPMorgan Chase & Co. dropped their price objective on Ocado Group from GBX 450 ($5.94) to GBX 380 ($5.02) and set a neutral rating for the company in a research note on Friday, June 28th. Berenberg Bank lowered shares of Ocado Group to an underperform rating and lowered their price target for the company from GBX 1,000 ($13.21) to GBX 260 ($3.43) in a report on Monday, July 15th.

Ocado Group Trading Down 4.4 %

LON OCDO opened at GBX 343.60 ($4.54) on Thursday. The firm has a market cap of £2.82 billion, a PE ratio of -1,321.54 and a beta of 1.85. Ocado Group has a 1-year low of GBX 278.17 ($3.67) and a 1-year high of GBX 798.80 ($10.55). The stock has a 50-day moving average of GBX 371.84 and a 200-day moving average of GBX 375.69. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 143.47.

About Ocado Group

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.