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

Ocado Group plc (LON:OCDO) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 165.70 and last traded at GBX 165.90, with a volume of 7048002 shares changing hands. The stock had previously closed at GBX 170.60.

Analysts Set New Price Targets

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

Ocado Group Stock Up 3.9%

The firm has a market capitalization of £1.51 billion, a PE ratio of 3.73 and a beta of 2.36. The company has a fifty day moving average price of GBX 198.11 and a 200-day moving average price of GBX 214.22. The company has a debt-to-equity ratio of 131.70, a quick ratio of 2.81 and a current ratio of 2.00.

About Ocado Group

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.