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

Ocado Group (LON:OCDO) had its target price reduced by equities researchers at JPMorgan Chase & Co. from GBX 450 ($5.71) to GBX 380 ($4.82) in a note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 31.53% from the company’s current price.

Ocado Group Stock Up 0.7 %

Shares of LON:OCDO opened at GBX 288.90 ($3.66) on Friday. 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 business has a 50 day simple moving average of GBX 350.74 and a two-hundred day simple moving average of GBX 477.43. The firm has a market capitalization of £2.37 billion, a PE ratio of -760.26 and a beta of 1.73. The company has a debt-to-equity ratio of 129.71, a current ratio of 2.49 and a quick ratio of 2.82.

Insider Buying and Selling at Ocado Group

In related news, insider Richard N. (Rick) Haythornthwaite purchased 27,320 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was purchased at an average price of GBX 366 ($4.64) per share, with a total value of £99,991.20 ($126,844.09). Insiders acquired 27,445 shares of company stock worth $10,044,278 over the last 90 days. Company insiders own 29.51% of the company’s stock.

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.