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Ocado Group PLC 57.9% Potential Decrease Indicated by Deutsche Bank

Ocado Group PLC with EPIC/TICKER (LON:OCDO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ today by analysts at Deutsche Bank. Ocado Group PLC are listed in the Consumer Services sector within UK Main Market. Deutsche Bank have set a target price of 200 GBX on its stock. This now indicates the analyst believes there is a potential downside of -57.9% from the opening price of 475.1 GBX. Over the last 30 and 90 trading days the company share price has increased 50.7 points and increased 213.9 points respectively. The 1 year high share price is 551.4 GBX while the 52 week low for the share price is 233.1 GBX.

Ocado Group PLC has a 50 day moving average of 426.22 GBX and a 200 Day Moving Average share price is recorded at 325.62. There are currently 630,790,316 shares in issue with the average daily volume traded being 3,265,637. Market capitalisation for LON:OCDO is £2,967,237,608 GBP.