Ocado Share News (OCDO)

Broker tips: Anglo American, Kaz, Barclays, Ocado

(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

FTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low

(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%

Ocado shares fall on Deutsche Bank downgrade

(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

Friday broker round-up

(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

BROKER RATINGS SUMMARY: Exane BNP And Bernstein Upgrade Morrisons

UPDATE 2-UK's Waitrose cuts new store plans to invest in food-to-go

* 25 mln pound charge weighs on H1 pretax profit * Waitrose market share has peaked in recent months * Waitrose to invest more in cafes, premium products * Capital spending shifts to logistics, technology (Adds details from conference call) LONDON, Sept 15 (Reuters) - Br

LONDON MARKET CLOSE: Stocks End Mixed After Oil Price Fall

Ocado slumps on Exane downgrade

(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

Wednesday broker round-up

(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

BUZZ-Ocado: broker downgrade sees stock extend post-update losses

** Online grocer Ocado down 6.6 pct, 2nd top faller on Stoxx 600 & bottom of FTSE 250 as Exane BNP Paribas cuts rating to "underperform" following Tuesday's margin pressure warning ** Brokerage expects H2 gross margins to fall, earnings progression be short of market expectations ** E

UPDATE 2-Ocado shares hammered by margin pressure warning

* Seeing sustained and continuing margin pressure * Analysts trim full-year earnings forecasts * Q3 retail sales up 13.6 pct * Still expects to sign multiple licensing deals * Shares fall as much as 14.6 pct (Adds detail, CFO, analyst comment, shares) By James Dave

European shares rise to end three-day losing streak

LONDON, Sept 13 (Reuters) - European shares rose on Tuesday to end a three-day losing streak, as dovish comments from U.S. Federal Reserve official Lael Brainard buoyed equity markets. Brainard said on Monday that the Fed should avoid removing support for the U.S economy too quickly, which

Ocado turns up volumes but margins remain under pressure

(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

UK online grocer Ocado sees sustained margin pressure

LONDON, Sept 13 (Reuters) - British online grocer Ocado reported a 13.6 percent rise in quarterly retail sales but said the intensely competitive market was causing margin pressure and cautioned it would not go away any time soon. The firm, whose range includes products supplied by upmarke

RPT-UK grocer Morrisons on cusp of quiet revolution, but doubts remain

(Repeats Monday item) * Profits set to grow this year after four years of falls * Like-for-like sales seen rising for third quarter running * New CEO cuts prices to narrow gap with discounters * But over 60 pct of analysts rate stock as "underperform" * Potts needs t