Ocado Group (LON:OCDO) Price Target Cut to GBX 380

Ocado Group (LON:OCDO) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from GBX 450 ($5.71) to GBX 380 ($4.82) in a note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 31.53% from the company’s previous close.

Ocado Group Trading Up 0.7 %

OCDO opened at GBX 288.90 ($3.66) on Friday. The business has a 50 day simple moving average of GBX 350.74 and a two-hundred day simple moving average of GBX 477.43. The firm has a market capitalization of £2.37 billion, a price-to-earnings ratio of -760.26 and a beta of 1.73. The company has a debt-to-equity ratio of 129.71, a current ratio of 2.49 and a quick ratio of 2.82. Ocado Group has a one year low of GBX 278.17 ($3.53) and a one year high of GBX 1,017 ($12.90).

Insider Buying and Selling at Ocado Group

In other Ocado Group news, insider Richard N. (Rick) Haythornthwaite purchased 27,320 shares of the stock in a transaction on Monday, April 22nd. The stock was acquired at an average price of GBX 366 ($4.64) per share, with a total value of £99,991.20 ($126,844.09). Insiders acquired 27,445 shares of company stock valued at $10,044,278 in the last 90 days. Insiders own 29.51% of the company’s stock.

About Ocado Group

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.