Vi använder en mängd olika cookies för att du ska få den bästa användarupplevelsen. Genom kontinuerlig användning av denna webbplats godkänner du vår användning av cookies. Du kan läsa mer om vår policy för cookies och redigera dina inställningar här eller genom att följa länken längst ner på alla sidor på vår webbplats.
The company is trading at 309p. The stock is down 16% since the report in July posted a profit of £7.5 million between December 2013-May 2014. Its client base rose by 10% and its sales increased by 16% over the same period. The online grocer has yet to post an annual profit and, on average, analysts are expecting a third-quarter sales growth of 14.8%. Estimates range from 11.5%-15.6%.
Analysts are bearish on the company. Out of the 13 recommendations, four are buys, three are holds and six are sell ratings.
At the end of August, Ocado was downgraded by Redburn. The finance house reduced its target price to 257p over earning concerns and the share price has yet to recover. The 100-week moving average of 304p is providing support but a move below could put 275p in sight. However, if the firm is confident of a full-year profit it may head towards 342p.