Ocado Group (LON:OCDO) Sets New 1-Year Low - Here's What Happened

Ocado Group plc (LON:OCDO - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 215.10 and last traded at GBX 218.10, with a volume of 1219161 shares changing hands. The stock had previously closed at GBX 220.Wall Street Analyst Weigh InSeparately, JPMorgan Chase & Co. boosted their price objective on Ocado Group from GBX 400 to GBX 437 and gave the company an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of GBX 437.Check Out Our Latest Analysis on Ocado GroupOcado Group Trading Down 0.9%The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35. The firm has a 50 day simple moving average of GBX 261.40 and a two-hundred day simple moving average of GBX 275.66. The firm has a market capitalization of £1.81 billion, a P/E ratio of 4.64 and a beta of 1.85. About Ocado Group (Get Free Report)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.Read MoreFive stocks we like better than Ocado GroupAre Penny Stocks a Good Fit for Your Portfolio?NU Stock: U.S. Bank License May Be the Next Growth CatalystHow to Short Nasdaq: An Easy-to-Follow Guide5 Stocks to Stuff Your Portfolio This NovemberStock Average Calculator Why Microsoft's Post-Earnings Dip Is a Buy-the-Pause MomentThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ocado Group Right Now?Before you consider Ocado Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ocado Group wasn't on the list.While Ocado Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here