JPMorgan Chase & Co. Trims Ocado Group (LON:OCDO) Target Price to GBX 380

Ocado Group (LON:OCDO) had its target price reduced by JPMorgan Chase & Co. from GBX 450 ($5.71) to GBX 380 ($4.82) in a report released on Friday, Marketbeat.com reports. They currently have a neutral rating on the stock.

Ocado Group Stock Performance

Shares of OCDO stock opened at GBX 288.90 ($3.66) on Friday. The stock has a fifty day moving average price of GBX 350.74 and a 200 day moving average price of GBX 476.28. The stock has a market cap of £2.37 billion, a PE ratio of -760.26 and a beta of 1.73. Ocado Group has a 1 year low of GBX 278.17 ($3.53) and a 1 year high of GBX 1,017 ($12.90). The company has a debt-to-equity ratio of 129.71, a quick ratio of 2.82 and a current ratio of 2.49.

Insider Buying and Selling

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