Analysts at HSBC Kept the Same their Reduce rating for Ocado Group Plc (LON:OCDO). The Target Price is GBX 180.00, South Street Advisors Trimmed By $848,160 Its Snap (SNA) Holding

June 20, 2017 - By Michael Collier

South Street Advisors Llc decreased Snap (SNA) stake by 7.42% reported in 2016Q4 SEC filing. South Street Advisors Llc sold 4,960 shares as Snap (SNA)’s stock declined 3.98%. The South Street Advisors Llc holds 61,875 shares with $10.60 million value, down from 66,835 last quarter. Snap now has $9.24B valuation. The stock decreased 0.20% or $0.32 during the last trading session, reaching $157.64. About shares traded. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since June 20, 2016 and is uptrending. It has underperformed by 14.23% the S&P500.

In a research note issued to clients and investors on Tuesday morning, Ocado Group Plc (LON:OCDO) stock Reduce was reiterated by Analysts at HSBC. They currently have a GBX 180.00 TP on the stock. HSBC’s TP indicates a potential downside of -41.18% from the company’s current price.

About 1.34M shares traded. Ocado Group PLC (LON:OCDO) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Ocado Group plc is a United Kingdom online grocery retailer. The company has market cap of 1.98 billion GBP. The Company’s principal activities are grocery retailing and the development and monetization of Intellectual Property and technology used for the online retailing, logistics and distribution of grocery and consumer goods, derived from the United Kingdom. It has a 161.67 P/E ratio. The Firm offers end-to-end operating solution for online grocery retail based on technology and IP, suitable for operating its own retail business and those of its commercial partners.

Among 15 analysts covering Ocado Group Plc (LON:OCDO), 7 have Buy rating, 6 Sell and 2 Hold. Therefore 47% are positive. Ocado Group Plc has GBX 700 highest and GBX 180 lowest target. GBX 319.29’s average target is 1.33% above currents GBX 315.1 stock price. Ocado Group Plc had 131 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Outperform” on Monday, September 26. Numis Securities maintained it with “Buy” rating and GBX 400 target in Monday, June 5 report. The firm earned “Equal Weight” rating on Monday, June 19 by Barclays Capital. The stock has “Outperform” rating by Macquarie Research on Thursday, January 7. The stock of Ocado Group PLC (LON:OCDO) has “Buy” rating given on Tuesday, March 14 by Numis Securities. The firm earned “Equal Weight” rating on Wednesday, September 14 by Barclays Capital. BNP Paribas downgraded it to “Underperform” rating and GBX 215 target in Wednesday, September 14 report. Barclays Capital maintained Ocado Group PLC (LON:OCDO) rating on Friday, September 9. Barclays Capital has “Equal Weight” rating and GBX 265 target. HSBC maintained the shares of OCDO in report on Wednesday, August 10 with “Reduce” rating. The stock of Ocado Group PLC (LON:OCDO) earned “Hold” rating by Jefferies on Tuesday, September 8.

Analysts await Snap-on Incorporated (NYSE:SNA) to report earnings on July, 20. They expect $2.55 EPS, up 8.05% or $0.19 from last year’s $2.36 per share. SNA’s profit will be $149.47M for 15.45 P/E if the $2.55 EPS becomes a reality. After $2.39 actual EPS reported by Snap-on Incorporated for the previous quarter, Wall Street now forecasts 6.69% EPS growth.

Among 7 analysts covering Snap-on (NYSE:SNA), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Snap-on had 12 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Snap-on Incorporated (NYSE:SNA) has “Buy” rating given on Tuesday, June 28 by CL King. The firm has “Hold” rating given on Tuesday, October 20 by Jefferies. On Wednesday, April 12 the stock rating was maintained by Oppenheimer with “Outperform”. The stock of Snap-on Incorporated (NYSE:SNA) has “Buy” rating given on Thursday, August 20 by Zacks. The company was maintained on Tuesday, May 30 by Oppenheimer. The stock has “Buy” rating by Wunderlich on Friday, February 3. Longbow upgraded the shares of SNA in report on Monday, October 5 to “Buy” rating. Jefferies maintained the shares of SNA in report on Tuesday, May 30 with “Hold” rating. IBC maintained it with “Outperform” rating and $200 target in Thursday, April 13 report.

Since December 31, 2016, it had 0 buys, and 11 insider sales for $8.09 million activity. 2,200 Snap-on Incorporated (NYSE:SNA) shares with value of $372,240 were sold by MORENO JEANNE M. On Wednesday, March 1 PINCHUK NICHOLAS T sold $3.54M worth of Snap-on Incorporated (NYSE:SNA) or 20,453 shares. Shares for $140,620 were sold by JONES NATHAN J. Pagliari Aldo John sold $1.12 million worth of Snap-on Incorporated (NYSE:SNA) on Wednesday, March 1. Shares for $42,962 were sold by Shur Irwin M on Thursday, February 9. $70,814 worth of Snap-on Incorporated (NYSE:SNA) was sold by LEHMAN WILLIAM DUDLEY on Thursday, February 9. On Wednesday, March 1 the insider Johnsen Constance sold $431,577.

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