Ocado: Berenberg upgrades to buy

(CercleFinance.com) - Berenberg analysts have upgraded their "hold" rating on the Ocado share to "buy", with a target price of 1,635 pence (35% upside potential).


In recent years, analysts say that Ocado has developed from being a British online food retailer to being a global provider of e-commerce solutions. Traditional food retailers are now being forced to review their online offer, which Ocado can help them with, thereby capitalising on its technological expertise, which it considers differentiates the group.


Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.