Shares in Ocado Group (LON:OCDO) break above its 200-day moving average of $374.02

Ocado Group plc (LON:OCDO – Get Free Report ) share price broke above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 374.02 ($5.01) and traded as high as GBX 376.20 ($5.04). Ocado Group shares were last traded at GBX 366.20 ($4.90), with a volume of 2,275,595 shares.

Analyst upgrades and downgrades

Several equities research analysts have commented on OCDO shares. Berenberg Bank lowered Ocado Group to an “underperform” rating and reduced their price objective for the stock from GBX 1,000 ($13.39) to GBX 260 ($3.48) in a research note on Monday, July 15. Shore Capital restated an “underperform” rating on shares of Ocado Group in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. dropped their price target on Ocado Group from GBX 450 ($6.03) to GBX 380 ($5.09) and set a “neutral” rating for the company in a research report on Friday, June 28th.

See our latest analysis of OCDO

Ocado Group stocks up 4.0%

The company has a quick ratio of 2.82, a current ratio of 2.35, and a debt-to-equity ratio of 143.47. The company has a 50-day moving average price of GBX 370.95 and a 200-day moving average price of GBX 374.02. The firm has a market cap of £3.01 billion, a PE ratio of -1,408.46 and a beta of 1.85.

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.

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