Ocado Group (LON:OCDO) Sets New 1-Year Low – Time to Sell?

Ocado Group plc (LON:OCDO)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 150.60 and last traded at GBX 151.40, with a volume of 7101657 shares changing hands. The stock had previously closed at GBX 177.70.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 310 target price on shares of Ocado Group in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 373.50.

Ocado Group Stock Performance

The company has a current ratio of 2.00, a quick ratio of 2.81 and a debt-to-equity ratio of 131.70. The stock has a market cap of £1.26 billion, a price-to-earnings ratio of 3.11 and a beta of 2.39. The stock’s 50 day moving average is GBX 191.51 and its two-hundred day moving average is GBX 209.17.

Ocado Group Company Profile

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.