Ocado 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
Read moreRevenue and earnings up for Ocado
28th Jun 2016 07:52
(ShareCast News) - Online grocer Ocado saw revenue and earning grow in the first half of the year, reporting gross sales of £582.9m for the 24 weeks to 15 May on Tuesday, a 13.9% rise on £511.9m in the comparative period last year. EBITDA hit £40.4m, a 5.7% increase from £38.2m, off the back of reve
Read moreGoldman takes down price targets on UK General Retailers
27th Jun 2016 12:49
(ShareCast News) - Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium. Combined, those three factors drove an
Read moreSocGen starts Ocado at 'sell', notes threat of AmazonFresh
17th Jun 2016 15:45
(ShareCast News) - Societe Generale initiated coverage of Ocado at 'sell' with a 193p price target, saying the stock was not attractively valued at current levels. The French bank said AmazonFresh was a potential threat and it needed reassurance on the group's ability to sign international partnersh
Read moreTuesday newspaper round-up: Sterling, retail jobs, Barclays, Apple
14th Jun 2016 06:55
(ShareCast News) - Mounting fears that Britain will vote to leave the European Union this month have sent the cost of insurance against a collapse in the pound soaring. As the pound collapsed back towards $1.40, traders have been hedging themselves, with euro/sterling one-month implied volatility, a
Read moreTuesday broker round-up
24th May 2016 14:41
(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera
Read moreWednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
Read moreOcado delivers healthy jump in quarterly sales
15th Mar 2016 07:16
(ShareCast News) - Online grocery delivery firm Ocado said group gross sales rose 15.3% to £312.4m in the quarter to 21 February. Retail sales rose to £286.7m from £252m. Average weekly orders were up 16.9% to 214,000, although gthe average order size fell to £111.41 from £114.72. Ocado said it had
Read moreLondon pre-open: Stocks seen lower after BoJ stands pat
15th Mar 2016 07:12
(ShareCast News) - London stocks are set to open lower on Tuesday following a mostly weaker session in Asia, after the Bank of Japan decided to keep interest rates unchanged in negative territory. The FTSE 100 is seen starting 29 points lower than Monday's close at 6,145. Central bank meetings will
Read moreFTSE 250 movers: Three senior underwriters jump ship at Lancashire Holdings
1st Mar 2016 17:06
(ShareCast News) - Shares in Lancashire Holdings dropped to the bottom of the pile on Tuesday. After the close of trading in the previous session, the company said three more senior underwriters had jumped ship, close on the heels of the announced departure of John Hamblin, the CUO at Cathedral, in
Read moreTuesday newspaper share tips: Amazon.com, Morrison, Jupiter Fund Management
1st Mar 2016 15:55
(ShareCast News) - Amazon.com's entry into the UK retail food sector has led to even more frenzied competition in a UK food retail sector plagued by hard discounters, a glut of stores and a market share war online. "Wherever money is not being made, investors can be certain of one thing, Amazon will
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
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