Ocado Group (LON:OCDO) Share Price Above 200 Day Moving Average – Time to Sell?

Ocado Group plc (LON:OCDO – Get Your Free Report ) broke above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 370.55 ($4.96) and traded as high as GBX 391.60 ($5.24). Ocado Group shares last traded at GBX 389.50 ($5.21), with a volume of 1,359,245 shares on hand.

Changes in Analyst Ratings

Several research analysts recently commented on the company. Berenberg Bank lowered Ocado Group to an “underperform” rating and reduced their target price for the stock from GBX 1,000 ($13.38) to GBX 260 ($3.48) in a research note on Monday, 15 July. Shore Capital reaffirmed an “underperform” rating on shares of Ocado Group in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ocado Group from GBX 450 ($6.02) to GBX 380 ($5.08) and set a “neutral” rating on the stock in a research report on Friday, 28 June.

Get the latest report on OCDO

Ocado group trading up 1.5%

The firm has a market cap of £3.20 billion, a price-to-earnings ratio of -1,498.08 and a beta of 1.85. The company has a debt-to-equity ratio of 143.47, a quick ratio of 2.82, and a current ratio of 2.35. The company has a 50-day moving average price of GBX 369.56 and a 200-day moving average price of GBX 370.55.

Ocado Group Company Profile

(Get a free report)

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. Offers online grocery and general merchandise; and customer satisfaction centers and logistics services.

Recommended articles

Get daily Ocado Group news and reviews – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ocado Group and related companies with MarketBeat.com’s FREE daily email newsletter.