JPMorgan Chase & Co. Boosts Ocado Group (LON:OCDO) Price Target to GBX 437

Ocado Group (LON:OCDO) had its price target lifted by JPMorgan Chase & Co. from GBX 400 ($5.31) to GBX 437 ($5.80) in a research note issued on Friday, Marketbeat reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 32.14% from the stock’s previous close.

Ocado Group Trading Up 4.7%

Shares of Ocado Group stock opened at GBX 330.70 ($4.39) on Friday. The company has a 50-day moving average of GBX 263.76 and a two-hundred day moving average of GBX 277.75. Ocado Group has a 12-month low of GBX 222.10 ($2.95) and a 12-month high of GBX 493.95 ($6.56). The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16. The stock has a market cap of £2.78 billion, a PE ratio of -12.59 and a beta of 1.85.

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.