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

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

Ocado Group Stock Up 0.7 %

Shares of Ocado Group stock opened at GBX 288.90 ($3.66) on Friday. The company has a debt-to-equity ratio of 129.71, a current ratio of 2.49 and a quick ratio of 2.82. The stock has a market cap of £2.37 billion, a price-to-earnings ratio of -760.26 and a beta of 1.73. The firm’s 50-day moving average is GBX 350.74 and its two-hundred day moving average is GBX 478.51. Ocado Group has a 1 year low of GBX 278.17 ($3.53) and a 1 year high of GBX 1,017 ($12.90).

Insider Activity at Ocado Group

In related news, insider Richard N. (Rick) Haythornthwaite acquired 27,320 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average cost of GBX 366 ($4.64) per share, for a total transaction of £99,991.20 ($126,844.09). Insiders have acquired a total of 27,445 shares of company stock valued at $10,044,278 over the last ninety days. 29.51% of the stock is owned by company insiders.

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.