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Ocado Group PLC 36.3% Potential Decrease Indicated by HSBC

Ocado Group PLC using EPIC/TICKER code (LON:OCDO) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘REDUCE’ today by analysts at HSBC. Ocado Group PLC are listed in the Consumer Services sector within UK Main Market. HSBC have set their target price at 900 GBX on its stock. This would indicate that the analyst believes there is a downside of -36.3% from the opening price of 1413 GBX. Over the last 30 and 90 trading days the company share price has increased 346 points and increased 529.2 points respectively. The 1 year high for the share price is 1439.5 GBX while the year low stock price is currently 492.8 GBX.

Ocado Group PLC has a 50 day moving average of 1,124.33 GBX and the 200 Day Moving Average price is recorded at 980.74. There are currently 699,311,259 shares in issue with the average daily volume traded being 2,152,422. Market capitalisation for LON:OCDO is £9,769,378,288 GBP.