Ocado Group (LON:OCDO) Given New GBX 1,090 Price Target at JPMorgan Chase & Co.

Ocado Group (LON:OCDO) had its price target increased by JPMorgan Chase & Co. from GBX 1,050 ($13.81) to GBX 1,090 ($14.34) in a research report sent to investors on Monday morning, Stock Target Advisor reports. They currently have an underweight rating on the stock.

Several other brokerages have also recently commented on OCDO. Shore Capital reiterated a not rated rating on shares of Ocado Group in a research report on Monday, December 2nd. Barclays reiterated an equal weight rating on shares of Ocado Group in a research report on Tuesday, November 26th. Berenberg Bank upgraded shares of Ocado Group to a buy rating in a research report on Thursday, January 23rd. Peel Hunt restated a buy rating on shares of Ocado Group in a report on Monday. Finally, Peel Hunt restated a buy rating and set a GBX 1,700 ($22.36) price objective on shares of Ocado Group in a report on Friday, November 29th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 1,253.93 ($16.49).

Shares of LON OCDO opened at GBX 1,161.50 ($15.28) on Monday. Ocado Group has a 1-year low of GBX 875 ($11.51) and a 1-year high of GBX 1,440.50 ($18.95). The company has a market cap of $8.22 billion and a PE ratio of -47.02. The company has a current ratio of 1.37, a quick ratio of 1.23 and a debt-to-equity ratio of 94.24. The company has a 50-day moving average of GBX 1,276.18 and a two-hundred day moving average of GBX 1,259.26.

About Ocado Group

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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