Ocado Group (LON:OCDO) Price Target Raised to GBX 290

Ocado Group (LON:OCDO) had its price objective upped by JPMorgan Chase & Co. from GBX 245 to GBX 290 in a report published on Wednesday morning,Digital Look reports. They currently have an overweight rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 310 price target on shares of Ocado Group in a report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 300.

Ocado Group Stock Down 0.2%

Shares of OCDO stock opened at GBX 257 on Wednesday. The stock’s 50-day simple moving average is GBX 193.12 and its 200-day simple moving average is GBX 201.01. 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 firm has a market capitalization of £2.14 billion, a PE ratio of -8.48 and a beta of 2.40. Ocado Group has a fifty-two week low of GBX 140.30 and a fifty-two week high of GBX 376.

Ocado Group (LON:OCDO) last announced its quarterly earnings data on Thursday, July 16th. The company reported GBX (3.90) earnings per share (EPS) for the quarter. Ocado Group had a negative return on equity of 15.94% and a negative net margin of 14.29%.

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.