Ocado slumps on Exane downgrade
14th Sep 2016 09:05
(ShareCast News) - Ocado traded sharply lower on Wednesday after Exane BNP Paribas downgraded the stock to 'underperform' from 'neutral', keeping the price target at 215p, as it pointed to margin pressure and said the market's expectations for profitability were too high. The bank said its gross mar
Read moreWednesday broker round-up
14th Sep 2016 08:37
(ShareCast News) - Relx: Berenberg reiterates buy with a target price of 1600p. Standard Life: Deutsche Bank reiterates buy, 325p target. Arrow Globalik: Jefferies keeps at buy with a 359p target. Ocado: Exane BNP Paribas downgrades to underperform with a 215p target. SafeCharge: Berenberg stays
Read moreOcado turns up volumes but margins remain under pressure
13th Sep 2016 07:04
(ShareCast News) - Ocado claimed its best quarterly volume growth in four years, although a slight acceleration in group revenue growth in the third quarter thanks to the Morrisons deal was overshadowed by comments about the tough margin environment. Average order size also continued its decline and
Read moreFTSE 250 movers: Sophos, Thomas Cook and Auto Trader lead gains
8th Sep 2016 14:53
(ShareCast News) - The FTSE 250 was pretty much flat late into Thursday's session, with security software group Sohpos leading the way thanks to read-across from elsewhere Oxford-based Sophos, which is holding its annual general meeting next week, hit a six-month high on the day that FTSE 100 liste
Read moreSunday newspaper round-up: Sterling, PMIs, May's Brexit talks, GSK, Sports Direct
28th Aug 2016 13:45
(ShareCast News) - Hedge funds and other speculators have cranked up bets against the pound to their highest-ever level as sterling rises close to a three-week high. Short positions on the pound worth $7.8bn (£5.9bn) were racked up last week - the largest ever, according to US data used by the Sunda
Read moreSunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
14th Aug 2016 17:49
(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex
Read moreAmec Foster Wheeler leads gains among oil equipment and service stocks
9th Aug 2016 19:10
(ShareCast News) - Oil equipment and services stocks saw another day of gains, with shares in Amec Foster Wheeler spearheading the advance in the wake of its latest interim figures. Amec reported higher sales and lower earnings in the first half of the year which were better than the market expected
Read moreTuesday broker round-up
9th Aug 2016 12:42
(ShareCast News) - Aviva: Goldman Sachs reiterates buy with a target price of 480p. Antofagasta: RBC maintains sector perform with a 500p target. Informa: Numis reiterates buy with a 845p target. Astrazeneca: JP Morgan stays at neutral with a 4900p target. Topps Tiles: Berenberg reiterates hold w
Read moreMorrisons and Ocado extend online grocery deal, analysts say both sides benefit
9th Aug 2016 07:05
(ShareCast News) - Morrison's has agreed to take 30% capacity of Ocado new customer fulfilment centre (CFC) in Erith by 2018, bought a new 'store pick' software licence and eased previous restrictions on the online specialist working with other UK supermarkets. Ocado will providing a store pick soft
Read moreWednesday broker round-up
29th Jun 2016 18:09
(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p target. Standard Life: HSBC keeps at buy with a target price of 360p and Barclays reiterates equal-we
Read moreBroker tips: Ocado, Prudential, Shawbrook
29th Jun 2016 13:12
(ShareCast News) - Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas. Following an analysts meeting on the day when the online grocery facilitator's mixed interim results generated a positive share pric
Read moreOcado falls back as brokers cut forecasts but see 'limited' Amazon threat
29th Jun 2016 08:20
(ShareCast News) - Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas. Following an analysts meeting on the day when the online grocery facilitator's mixed interim results generated a positive share pric
Read moreTuesday broker round-up:
28th Jun 2016 16:16
(ShareCast News) - Just Eat: Goldman Sachs reiterates buy with a target price of 670p. G4S: Credit Suisse keeps at outperform with a 210p target. Bellway: Goldman Sachs keeps at neutral with a target price of 1715p. Northgate: Numis reiterates to buy with a target of 500p. Babcock: Credit Suisse
Read moreBroker tips: Ocado, G4S, AB Foods
28th Jun 2016 13:13
(ShareCast News) - Numis reiterated a 'buy' rating and target price of 400p on Ocado Group on Tuesday after the online grocer reported growth in first half revenue and earnings. The company posted a 5.7% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to £40.4m and
Read moreNumis reiterates 'buy' rating on Ocado
28th Jun 2016 10:21
(ShareCast News) - Numis reiterated a 'buy' rating and target price of 400p on Ocado Group on Tuesday after the online grocer reported growth in first half revenue and earnings. The company posted a 5.7% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to £40.4m and
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