Ocado Group (LON:OCDO) PT Lowered to GBX 380

Ocado Group (LON:OCDO) had its price target lowered by JPMorgan Chase & Co. from GBX 450 ($5.69) to GBX 380 ($4.81) in a report published on Friday morning, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

Ocado Group Trading Down 0.3 %

Shares of Ocado Group stock opened at GBX 288.10 ($3.64) on Friday. Ocado Group has a fifty-two week low of GBX 278.17 ($3.52) and a fifty-two week high of GBX 1,017 ($12.86). The firm has a market cap of £2.36 billion, a PE ratio of -758.16 and a beta of 1.73. The business’s fifty day moving average is GBX 350.74 and its two-hundred day moving average is GBX 476.28. The company has a quick ratio of 2.82, a current ratio of 2.49 and a debt-to-equity ratio of 129.71.

Insiders Place Their Bets

In other Ocado Group news, insider Richard N. (Rick) Haythornthwaite purchased 27,320 shares of Ocado Group stock in a transaction on Monday, April 22nd. The shares were bought at an average price of GBX 366 ($4.63) per share, with a total value of £99,991.20 ($126,475.08). Insiders have acquired a total of 27,445 shares of company stock valued at $10,044,278 in the last quarter. 29.51% of the stock is currently owned by company insiders.

Ocado Group Company Profile

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.