Ocado Group (LON:OCDO) Price Target Cut to GBX 380 by Analysts at JPMorgan Chase & Co.

Posted by Doug Wharley on Jul 1st, 2024

Ocado Group (LON:OCDO – Free Report) had its target price cut by JPMorgan Chase & Co. from GBX 450 ($5.71) to GBX 380 ($4.82) in a research report report published on Friday morning, MarketBeat reports. They currently have a neutral rating on the stock.

Ocado Group Stock Up 0.7 %

OCDO opened at GBX 288.90 ($3.66) on Friday. The company has a quick ratio of 2.82, a current ratio of 2.49 and a debt-to-equity ratio of 129.71. The stock has a market cap of £2.37 billion, a price-to-earnings ratio of -760.26 and a beta of 1.73. Ocado Group has a twelve month low of GBX 278.17 ($3.53) and a twelve month high of GBX 1,017 ($12.90). The company’s 50-day moving average price is GBX 350.74 and its two-hundred day moving average price is GBX 476.28.

Insider Buying and Selling at Ocado Group

In other Ocado Group news, insider Richard N. (Rick) Haythornthwaite purchased 27,320 shares of the stock in a transaction dated Monday, April 22nd. The shares were bought at an average price of GBX 366 ($4.64) per share, with a total value of £99,991.20 ($126,844.09). Insiders have purchased a total of 27,445 shares of company stock worth $10,044,278 over the last three months. 29.51% of the stock is currently owned by insiders.

Ocado Group Company Profile

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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.