Ocado Group (LON:OCDO) Hits New 52-Week Low – What’s Next?

Ocado Group plc (LON:OCDO) hit a new 52-week low during mid-day 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.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 310 price target 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 MarketBeat.com, Ocado Group has a consensus rating of “Buy” and an average target price of GBX 373.50.

Ocado Group Stock Down 1.9%

The company has a fifty day moving average of GBX 198.61 and a two-hundred day moving average of GBX 214.28. The company has a market cap of £1.39 billion, a PE ratio of 3.44 and a beta of 2.36. The company has a debt-to-equity ratio of 131.70, a quick ratio of 2.81 and a current ratio of 2.00.

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.