Ocado Group (LON:OCDO) Rating Reiterated by Shore Capital

Shore Capital reaffirmed their not rated rating on shares of Ocado Group (LON:OCDO) in a research note published on Thursday morning, MarketBeat reports.

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

Ocado Group Price Performance

Shares of LON:OCDO opened at GBX 343.60 ($4.54) on Thursday. The firm has a market capitalization of £2.82 billion, a PE ratio of -1,321.54 and a beta of 1.85. Ocado Group has a 1-year low of GBX 278.17 ($3.67) and a 1-year high of GBX 798.80 ($10.55). The business’s 50 day moving average is GBX 371.84 and its 200-day moving average is GBX 374.98. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 143.47.

About Ocado Group

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.