Ocado's valuation is unreasonably high, thinks Barclays
7th Aug 2018 12:05
(Sharecast News) - Ocado was downgraded to 'underweight' at Barclays from 'equal weight' as while the online grocery business has been de-risked, this does not guarantee "unlimited upside" for the share price.
Read moreSainsbury's trails rivals as supermarkets enjoy summer boom
24th Jul 2018 08:27
(Sharecast News) - Sainsbury's sales rebounded in recent weeks but it continues to lag behind its big supermarket rivals as all of the big four enjoyed their best period of growth so far this year.
Read moreWednesday broker round-up
1st Feb 2017 15:33
(ShareCast News) - SSE: Barclays reiterates overweight with a target price of 1695p. BP: HSBC reiterates buy, 590p target. Royal Dutch Shell B: Deutsche Bank reiterates buy with a 2450p target. Britvic: JP Morgan reiterates neutral with a 600p target. Intu: Deutsche Bank reiterates sell with a 2
Read moreOcado sales and earnings improve while net debt widens
31st Jan 2017 07:54
(ShareCast News) - Online grocery retailer Ocado posted its preliminary results for the year to 27 November 2016 on Tuesday, with gross retail sales improving 13.6% to £1.27bn over the year. The FTSE 250 company's revenue was also improved, up 14.8% to £1.27bn, while EBITDA was up 3.3% at £84.3m. I
Read moreTuesday preview: Ocado reports full year results
30th Jan 2017 12:18
(ShareCast News) - British online supermarket Ocado is on Tuesday expected to reveal an increase in full year earnings, driven by growth in the core business and its home delivery deal with Morrison. Numis expects earnings before interest tax, depreciation and amortisation (EBITDA) of £85.1m, compar
Read moreFriday broker round-up
27th Jan 2017 14:09
(ShareCast News) - Diageo: Berenberg reiterates buy with a target price of 2430p. Royal Dutch Shell A: HSBC reiterates buy, 2600p target. Vodafone: Deutsche Bank reiterates buy with a 285p target. Anglo American: UBS reiterates neutral with a 1250p target. Easyjet: Deutsche Bank reiterates hold w
Read moreOcado's shares fall as Goldman cuts target price
22nd Dec 2016 08:53
(ShareCast News) - Ocado Group's shares fell as Goldman Sachs reiterated a 'buy' rating but cut its target price to 440p from 450p. The bank said it still believes Ocado is the best-placed grocer in its coverage to take advantage of, and drive, the channel shift to online grocery. However, due to i
Read moreOcado's sales surge but average basket size falls
8th Dec 2016 08:14
(ShareCast News) - Online grocer Ocado's full year sales were on the front foot, but the price of its average basket size fell amid squeezed margins as consumers spend less. For the year ended 29 November, sales advanced 15.1% to £1.38bn, compared to last year, and retail sales jumped 13.6% to £1.26
Read moreFTSE 250 movers: Vedanta gains on outlook for zinc, Ocado loses out on Amazon deal
16th Nov 2016 15:17
(ShareCast News) - The FTSE 250 index was down 0.48% at 17,488.87 at 1604 GMT on Wednesday. Goldman Sachs upgraded Vedanta Resources from 'Neutral' to 'Buy', raised its price target from 450p to 1,300p and added it to their Conviction List, sending its shares up. The bank believes the price of zinc
Read moreSector movers: Construction stock and food retailers under pressure
16th Nov 2016 14:09
(ShareCast News) - Construction stocks were generally lower following a poor trading statement from Barratt Developments, with the home builder coming out and telling clients it had to cut prices at the upper end of the housing stock in the capital. The likes of CRH also came under selling pressure,
Read moreMorrisons expands Amazon partnership with Prime Now offering
16th Nov 2016 07:13
(ShareCast News) - Supermarket chain Morrisons expanded its partnership with online retail giant on Wednesday, announcing a new service called 'Morrisons at Amazon'. The FTSE 100 grocer said Amazon Prime customers in selected areas in London and Hertfordshire could now order a full Morrisons shop on
Read moreBroker tips: Anglo American, Kaz, Barclays, Ocado
21st Sep 2016 15:36
(ShareCast News) - Barclays upgraded Anglo American to 'equalweight' from 'underweight' and lifted the price target to 845p from 550p on strong valuation support and solid earnings momentum, particularly from the recent rally in coking coal which leaves the balance sheet in a much better position th
Read moreFTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low
21st Sep 2016 14:22
(ShareCast News) - The FTSE 250 index on Wednesday recouped its losses from this and last week, led by further gains for miners. Top of the mid-cap list was miner and steel maker Evraz. Analyst Mike van Dulken at Accendo Markets said the Russian group, where Chelsea owner Roman Abramovich has a 31%
Read moreOcado shares fall on Deutsche Bank downgrade
21st Sep 2016 09:42
(ShareCast News) - Deutsche Bank on Wednesday downgraded its rating on Ocado Group to 'sell' from 'hold' and reiterated a target price of 220p after the online supermarket issued a cautious outlook on margins. Ocado last Tuesday warned that the supermarket price war has been eating into profit margi
Read moreFriday broker round-up
16th Sep 2016 10:54
(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with
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