Ocado Group plc (LON:OCDO – Get Rating) has been given an average rating of "Hold" by the seven ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,648 ($19.91).

A number of equities analysts have recently issued reports on OCDO shares. Morgan Stanley reiterated an "overweight" rating on shares of Ocado Group in a report on Wednesday, May 11th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 850 ($10.27) target price on shares of Ocado Group in a research note on Monday, August 8th. Royal Bank of Canada reissued a "sector perform" rating and issued a GBX 1,700 ($20.54) target price on shares of Ocado Group in a research note on Monday, May 30th. Shore Capital reissued a "not rated" rating on shares of Ocado Group in a research note on Wednesday, July 20th. Finally, Berenberg Bank lowered their target price on Ocado Group from GBX 1,415 ($17.10) to GBX 1,290 ($15.59) and set a "buy" rating for the company in a research note on Monday, July 25th.

Ocado Group Price Performance

OCDO opened at GBX 731.20 ($8.84) on Friday. The stock has a 50-day moving average price of GBX 836.08 and a 200-day moving average price of GBX 979.99. Ocado Group has a 12-month low of GBX 9.50 ($0.11) and a 12-month high of GBX 2,105 ($25.43). The company has a current ratio of 2.99, a quick ratio of 2.82 and a debt-to-equity ratio of 117.40. The stock has a market capitalization of £6.03 billion and a P/E ratio of -24.21.

Ocado Group Company Profile

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through three segments: Ocado Retail, UK Solutions & Logistics, and International Solutions. It also sells general merchandise products on its Ocado.com; provides online retail solutions; and offers customer fulfillment centre and logistics services.

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