Ocado Group (LON:OCDO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Ocado Group plc (LON:OCDO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 201.25 and traded as high as GBX 205.40. Ocado Group shares last traded at GBX 203.13, with a volume of 97,487,930 shares changing hands.

Analyst Ratings Changes

OCDO has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Ocado Group from GBX 245 to GBX 290 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 310 price target on shares of Ocado Group in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 300.

Ocado Group Stock Up 0.9%

The company has a debt-to-equity ratio of 110.64, a quick ratio of 2.81 and a current ratio of 1.41. The firm has a market capitalization of £1.70 billion, a price-to-earnings ratio of -6.70 and a beta of 2.41. The firm has a fifty day moving average price of GBX 210 and a 200 day moving average price of GBX 201.25.

Ocado Group (LON:OCDO) last announced its quarterly earnings data on Thursday, July 16th. The company reported GBX (3.90) earnings per share for the quarter. Ocado Group had a negative return on equity of 15.94% and a negative net margin of 14.29%.

About Ocado Group

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.