Ocado Group (LON:OCDO) Sets New 12-Month Low – Should You Sell?

Ocado Group plc (LON:OCDO) shares hit a new 52-week low on Thursday . The company 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.

Analysts Set New Price Targets

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

Ocado Group Stock Down 14.9%

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