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Ocado buys 100,000 coronavirus testing kits from staff, Telegraph says » 10:59
03/28/20
03/28
10:59
03/28/20
10:59
OCDGF

Ocado Group

$0.00 /

+ (+0.00%)

Ocado has bought 100,000…

Ocado has bought 100,000 coronavirus testing kits to keep as many employees as possible in warehouses and on the road delivering food, The Telegraph's Phoebe Southworth, Tony Diver, Charles Hymas and Jack Hardy report. Reference Link

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Downgrade
Ocado Group downgraded to Underweight from Neutral at JPMorgan » 08:19
03/23/20
03/23
08:19
03/23/20
08:19
OCDGF

Ocado Group

/

+

JPMorgan analyst Daniel…

JPMorgan analyst Daniel Kerven downgraded Ocado Group to Underweight from Neutral with a price target of 1,400 GBp, up from 1,090 GBp. The analyst made changes in the European Media and Internet spaced after setting out a framework to help calibrate the sensitivity of revenues, earnings, balance sheets and valuations to COVID-19 scenarios.

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HelloFresh upgraded to Overweight from Equal Weight at Morgan Stanley » 06:10
03/18/20
03/18
06:10
03/18/20
06:10
HLFFF

HelloFresh

$0.00 /

+ (+0.00%)

, OCDGF

Ocado Group

$0.00 /

+ (+0.00%)

Morgan Stanley analyst…

Morgan Stanley analyst Miriam Adisa upgraded HelloFresh (HLFFF) to Overweight from Equal Weight with a price target of EUR 26, up from EUR 23. With valuations 25% lower, the analyst reassessed the European Internet Services space in order of preference, focusing on beneficiaries of the stay-at home trends and those best equipped to withstand a recession. HelloFresh and Ocado Group (OCDGF) could see increased demand from greater adoption of online grocery, which could drive near-term earnings momentum, Adisa tells investors in a research note.

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Over a month ago
Initiation
Ocado Group initiated with an Underperform at Credit Suisse » 06:21
02/27/20
02/27
06:21
02/27/20
06:21
OCDGF

Ocado Group

$0.00 /

+ (+0.00%)

Credit Suisse analyst…

Credit Suisse analyst Victoria Petrova initiated coverage of Ocado Group with an Underperform rating and 932p price target. While the analyst acknowledged Ocado's "exceptional" technology and success in the U.K., Petrova says the company faces some challenges. Petrova tells investors in a research note that Ocado's target market could be up to 50% smaller than expected, and that even a successful transition to micro-fulfillment centers would put pressures on fees.

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Over a quarter ago
Upgrade
Ocado Group upgraded to Buy from Hold at Berenberg » 04:44
12/10/19
12/10
04:44
12/10/19
04:44
OCDGF

Ocado Group

$0.00 /

+ (+0.00%)

Berenberg analyst Thomas…

Berenberg analyst Thomas Davies upgraded Ocado Group to Buy from Hold with a price target of 1,635 GBp, up from 876 GBp. The company's transition to provider of e-commerce solutions makes it well positioned to take advantage as grocers review their online propositions, says the analyst. The analyst sees an attractive entry point into the shares following the recent weakness.

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Hot Stocks
Ocado Group, Aeon form partnership for online grocery service » 06:34
11/29/19
11/29
06:34
11/29/19
06:34
OCDGF

Ocado Group

$0.00 /

+ (+0.00%)

Ocado Group announced…

Ocado Group announced "We are pleased to announce the signing of an agreement between Ocado Solutions and Aeon to partner to develop Aeon's online grocery business in Japan using the Ocado Smart Platform. Aeon is one of Japan's longest-established retailers with almost a century of experience serving Japanese customers. It is also one of Asia's largest retailers, with over 580,000 associates and approximately 100M customers. Aeon operates over 21,000 stores across various businesses, with operations in 14 countries.Aeon will launch a new online business with OSP, harnessing Ocado's unique, proprietary customer fulfilment centres and end-to-end software applications to serve millions of customers across Japan. The agreement plans for the development of a national fulfilment network to serve the whole of the Japanese market, with expected sales capacity of around JPY600B by 2030, growing to approximately JPY1T by 2035. Initial CFCs will serve the Kanto region, with the first planned to go live in2023, to be followed by further CFC capacity over the following two years. By 2025, Aeon expects to have a sales capacity in this region in excess of JPY200B. Aeon is expected to commit to further CFC capacity in the period following its first CFC going live. This capacity will be served via a configuration of different sizes of facility, enabling Aeon to serve a wide range of customer shopping missions flexibly as the Japanese grocery ecommerce market continues to develop. In addition, Aeon will leverage Ocado's proprietary store-pick software within parts of their existing store network,and offer click-and-collect from selected sites. Ocado will also provide Aeon with its end-to-end software platform as well as a comprehensive suite of engineering and support services to ensure smooth launch and ongoing development of its ecommerce operations. Aeon will pay Ocado certain upfront fees upon signing and during the development phase, then ongoing fees linked to both sales achieved and installed capacity within each CFC and service criteria.This agreement is mutually exclusive in Japan on the basis of Aeon, in the longer term, meeting market share targets or ordering an agreed amount of CFC capacity per annum...As Ocado continues to sign more partnerships worldwide, the company remains resolutely focused on execution. Ocado will invest in the Solutions business and expects to scale the resources and infrastructure required to serve our current and future partners successfully. Ocado expects an additional GBP25M of operating costs in FY20, given the extra support costs for Solutions generally and the specific early costs of implementation for Aeon. The transaction will have no financial impact in the current financial year, given that it comes right at year-end. Ocado expect minimal additional capex in FY20 with the majority of additional capex in the 18 months prior to the opening of CFCs."

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Downgrade
Ocado Group downgraded to Underweight from Neutral at JPMorgan » 05:51
10/14/19
10/14
05:51
10/14/19
05:51
OCDGF

Ocado Group

$0.00 /

+ (+0.00%)

JPMorgan analyst Marcus…

JPMorgan analyst Marcus Diebel downgraded Ocado Group to Underweight from Neutral with a price target of 1,050 pence, down from 1,073 pence. The analyst views Ocado's valuation as "stretched" at current share levels.

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Conference/Events
Ocado Group participates in a conference call with SunTrust » 10:25
09/12/19
09/12
10:25
09/12/19
10:25
OCDGF

Ocado Group

$0.00 /

+ (+0.00%)

Conference call with…

Conference call with management will be held on September 12 at 11 am hosted by SunTrust.

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Conference/Events
Ocado Group participates in a conference call with SunTrust » 04:55
09/12/19
09/12
04:55
09/12/19
04:55
OCDGF

Ocado Group

$0.00 /

+ (+0.00%)

Conference call with…

Conference call with management will be held on September 12 at 11 am hosted by SunTrust.

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Conference/Events
Ocado Group participates in a conference call with SunTrust » 11:28
09/09/19
09/09
11:28
09/09/19
11:28
OCDGF

Ocado Group

$0.00 /

+ (+0.00%)

Conference call with…

Conference call with management will be held on September 12 at 11 am hosted by SunTrust.

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