Ocado Group (LON:OCDO) Given Not Rated Rating at Shore Capital

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

A number of other brokerages have also recently issued reports on OCDO. Berenberg Bank cut shares of Ocado Group to an underperform rating and cut their price objective for the company from GBX 1,000 ($13.21) to GBX 260 ($3.43) in a research note on Monday, July 15th. JPMorgan Chase & Co. cut their price target on shares of Ocado Group from GBX 450 ($5.94) to GBX 380 ($5.02) and set a neutral rating for the company in a research report on Friday, June 28th.

Ocado Group Stock Performance

Shares of LON OCDO opened at GBX 352.50 ($4.66) on Thursday. The stock has a market cap of £2.89 billion, a price-to-earnings ratio of -1,381.92 and a beta of 1.85. The stock’s 50-day moving average is GBX 372.22 and its 200 day moving average is GBX 377.65. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 143.47. Ocado Group has a 1-year low of GBX 278.17 ($3.67) and a 1-year high of GBX 798.80 ($10.55).

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.