Shares of Ocado Group plc (LON:OCDO – Get Rating) have been given a consensus recommendation of “Buy” by the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to […]
Morgan Stanley restated their overweight rating on shares of Ocado Group (LON:OCDO – Get Rating) in a research note issued to investors on Friday, Marketbeat.com reports. Several other equities analysts have also issued reports on the company. Royal Bank of Canada reissued a sector perform rating and set a GBX 1,700 ($22.38) target price on […]
Supermarket sales dip as lockdown eases but remain above pre-pandemic levels
People returned to buy more ready meals as they had less time to spend cooking, while mouthwash and shoe polish were in demand after socialising was allowed again
Take-home grocery sales fell by 0.4% during the 12 weeks to 16 May 2021 as lockdown eased and people returned eating out.
The decline was also due to exceptionally high sales during the first three months of the pandemic last year, Kantar said, though figures remain higher than pre-pandemic levels.
Shoppers spent an additional £3.8bn at the supermarket in the past three months compared with the same period in 2019.