Ocado Group (LON:OCDO) Hits New 52-Week High Following Analyst Upgrade

Ocado Group PLC (LON:OCDO) reached a new 52-week high during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 1,400 to GBX 1,650. JPMorgan Chase & Co. currently has a neutral rating on the stock. Ocado Group traded as high as GBX 2,608 ($34.08) and last traded at GBX 2,608 ($34.08), with a volume of 3287023 shares trading hands. The stock had previously closed at GBX 2,355 ($30.77).

Several other research firms have also recently commented on OCDO. Berenberg Bank restated a “buy” rating on shares of Ocado Group in a research note on Thursday, July 16th. Peel Hunt restated a “buy” rating on shares of Ocado Group in a research note on Tuesday, July 14th. Shore Capital restated a “not rated” rating on shares of Ocado Group in a research note on Tuesday. Credit Suisse Group boosted their target price on Ocado Group from GBX 932 ($12.18) to GBX 1,088 ($14.22) and gave the company an “underperform” rating in a research note on Tuesday, May 26th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Ocado Group in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Ocado Group currently has an average rating of “Hold” and a consensus price target of GBX 1,699.42 ($22.21).

The company has a debt-to-equity ratio of 99.14, a quick ratio of 2.58 and a current ratio of 2.75. The firm has a market capitalization of $19.76 billion and a price-to-earnings ratio of -153.55. The business has a fifty day moving average of GBX 2,315.86 and a two-hundred day moving average of GBX 1,871.67.

Ocado Group Company Profile (LON:OCDO)

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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