Ocado Group (LON:OCDO) Price Target Raised to GBX 1,073 at JPMorgan Chase & Co.

Ocado Group (LON:OCDO) had its price objective boosted by JPMorgan Chase & Co. from GBX 1,070 ($13.98) to GBX 1,073 ($14.02) in a research note issued to investors on Monday morning, Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Barclays reaffirmed an equal weight rating on shares of Ocado Group in a report on Tuesday, July 16th. Jefferies Financial Group increased their price target on Ocado Group from GBX 460 ($6.01) to GBX 600 ($7.84) and gave the company a hold rating in a report on Monday, June 3rd. Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 1,000 ($13.07) price target on shares of Ocado Group in a report on Tuesday, July 9th. Morgan Stanley reaffirmed an equal weight rating and issued a GBX 1,320 ($17.25) price target on shares of Ocado Group in a report on Monday, August 5th. Finally, Numis Securities reaffirmed a buy rating on shares of Ocado Group in a report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 1,165.73 ($15.23).

LON OCDO opened at GBX 1,204.50 ($15.74) on Monday. Ocado Group has a 1-year low of GBX 730.60 ($9.55) and a 1-year high of GBX 1,440.50 ($18.82). The company has a debt-to-equity ratio of 94.24, a current ratio of 1.37 and a quick ratio of 1.23. The company has a market cap of $8.52 billion and a PE ratio of -48.77. The stock’s 50 day simple moving average is GBX 1,193.90 and its 200-day simple moving average is GBX 1,191.39.

In other Ocado Group news, insider Luke Jensen bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of GBX 1,153 ($15.07) per share, with a total value of £115,300 ($150,659.87).

Ocado Group Company Profile

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.

Read More: Initial Public Offering (IPO)

Analyst Recommendations for Ocado Group (LON:OCDO)

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