Ocado Group (LON:OCDO) Downgraded by JPMorgan Chase & Co. to “Underweight”
JPMorgan Chase & Co. lowered shares of Ocado Group (LON:OCDO) to an underweight rating in a report released on Monday morning, Digital Look reports. They currently have GBX 1,050 ($13.72) target price on the stock, down from their previous target price of GBX 1,073 ($14.02).
Several other equities analysts also recently issued reports on OCDO. Royal Bank of Canada reiterated a sector perform rating and issued a GBX 1,000 ($13.07) price objective on shares of Ocado Group in a research report on Tuesday, July 9th. Morgan Stanley restated an equal weight rating and set a GBX 1,320 ($17.25) target price on shares of Ocado Group in a research report on Monday, August 5th. Peel Hunt restated a buy rating on shares of Ocado Group in a research report on Tuesday, October 8th. Citigroup restated a buy rating on shares of Ocado Group in a research report on Wednesday, July 10th. Finally, Investec restated a sell rating and set a GBX 880 ($11.50) target price on shares of Ocado Group in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 1,175.45 ($15.36).
Shares of OCDO opened at GBX 1,328 ($17.35) on Monday. The stock has a fifty day moving average price of GBX 1,295.26 and a two-hundred day moving average price of GBX 1,260.33. The company has a debt-to-equity ratio of 94.24, a quick ratio of 1.23 and a current ratio of 1.37. Ocado Group has a 52-week low of GBX 730.60 ($9.55) and a 52-week high of GBX 1,440.50 ($18.82). The company has a market cap of $9.24 billion and a price-to-earnings ratio of -53.77.
Ocado Group Company Profile
Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.
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