Ocado Group (LON:OCDO) Shares Cross Above Two Hundred Day Moving Average of $1,619.24

Ocado Group PLC (LON:OCDO)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1,619.24 and traded as high as $2,063.00. Ocado Group shares last traded at $2,053.00, with a volume of 636,429 shares trading hands.

A number of brokerages have issued reports on OCDO. UBS Group reiterated a “neutral” rating on shares of Ocado Group in a research note on Friday, July 10th. Peel Hunt restated a “buy” rating on shares of Ocado Group in a research note on Tuesday, July 14th. Jefferies Financial Group boosted their price target on Ocado Group from GBX 600 ($7.38) to GBX 700 ($8.61) and gave the stock an “underperform” rating in a research note on Thursday, May 7th. Shore Capital restated a “not rated” rating on shares of Ocado Group in a research note on Tuesday, July 14th. Finally, Bank of America reaffirmed a “buy” rating and issued a GBX 2,230 ($27.44) price objective on shares of Ocado Group in a report on Monday, June 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Ocado Group currently has an average rating of “Hold” and an average price target of GBX 1,495.62 ($18.41).

The company has a fifty day simple moving average of GBX 2,032.53 and a 200-day simple moving average of GBX 1,619.24. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 99.14. The firm has a market cap of $15.35 billion and a P/E ratio of -119.36.

Ocado Group Company Profile (LON:OCDO)

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.

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