Ocado Group (LON:OCDO) Receives “Not Rated” Rating from Shore Capital

Shore Capital reissued their not rated rating on shares of Ocado Group (LON:OCDO) in a report issued on Thursday, MarketBeat.com reports.

OCDO has been the subject of several other research reports. JPMorgan Chase & Co. dropped their price objective on shares of Ocado Group from GBX 450 ($5.94) to GBX 380 ($5.02) and set a neutral rating for the company in a research report on Friday, June 28th. Berenberg Bank downgraded Ocado Group to an underperform rating and dropped their target price for the stock from GBX 1,000 ($13.21) to GBX 260 ($3.43) in a research report on Monday, July 15th.

Ocado Group Stock Down 4.4 %

Shares of LON:OCDO opened at GBX 343.60 ($4.54) on Thursday. Ocado Group has a 12 month low of GBX 278.17 ($3.67) and a 12 month high of GBX 798.80 ($10.55). The company’s 50-day moving average price is GBX 371.84 and its two-hundred day moving average price is GBX 374.98. The firm has a market cap of £2.82 billion, a P/E ratio of -1,321.54 and a beta of 1.85. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 143.47.

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.