Ocado Group (LON:OCDO) Price Target Lowered to GBX 350 at JPMorgan Chase & Co.

Ocado Group (LON:OCDO) had its price target reduced by JPMorgan Chase & Co. from GBX 600 ($7.54) to GBX 350 ($4.40) in a research note published on Monday, Digital Look reports. They currently have a neutral rating on the stock.

Ocado Group Price Performance

Shares of LON OCDO opened at GBX 363.10 ($4.56) on Monday. Ocado Group has a twelve month low of GBX 334.30 ($4.20) and a twelve month high of GBX 1,017 ($12.77). The company has a current ratio of 2.49, a quick ratio of 2.82 and a debt-to-equity ratio of 129.71. The company has a market capitalization of £2.98 billion, a price-to-earnings ratio of -955.53 and a beta of 1.73. The business has a 50 day simple moving average of GBX 402.91 and a 200-day simple moving average of GBX 525.81.

Insider Activity

In other news, insider Richard N. (Rick) Haythornthwaite purchased 27,320 shares of the stock in a transaction dated Monday, April 22nd. The stock was acquired at an average cost of GBX 366 ($4.60) per share, for a total transaction of £99,991.20 ($125,585.53). In the last ninety days, insiders bought 27,395 shares of company stock worth $10,029,360. 29.51% of the stock is currently owned by insiders.

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.