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Ocado Group PLC Price Target Increased to GBX 385 by Analysts at Jefferies Group

2015-02-07 22:24:25| Grocery - Topix.net

The firm currently has a "hold" rating on the stock. Jefferies Group's price objective would suggest a potential downside of 5.41% from the company's current price.

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Online success for Ocado with Morrisons deal

2015-02-04 15:22:23| Grocery - Topix.net

LINKING up with Bradford-based supermarket Morrisons helped online grocer Ocado to make an annual profit for the first time since it was founded nearly 15 years ago. It has turned losses of more than A 12 million into a pre-tax profit of A 7.2 million in the year to November 30. Ocado is 18 months into a A 170 million, 25-year delivery partnership with Morrisons.

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Ocado makes first pretax profit, targets overseas deal

2015-02-03 13:14:54| Grocery - Topix.net

British online grocer Ocado reported an annual pretax profit for the first time in its 15 year history on Tuesday and said it aimed this year to seal its first technology deal with an overseas retailer. Ocado, founded by three former Goldman Sachs bankers in 2000, has divided analysts like few other stocks, with some viewing its door-step deliveries from giant distribution centres as the future of grocery shopping and others seeing it as a costly and complicated venture that will never make much money.

Tags: makes deal profit targets

 

Ocado reports first annual profit

2015-02-03 12:09:59| Grocery - Topix.net

The company reported a pre-tax profit of A 7.2m last year on the back of a 20% jump in sales to A 948.9m. The company made a loss of A 12.5m in 2013.

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Ocado reports first annual profit

2015-02-03 11:45:15| BBC News | Business | UK Edition

Online grocer Ocado reports a full-year pre-tax profit for the first time since launching in 2000 as sales jump to almost 1bn.

Tags: reports annual profit annual reports

 

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