Breaking: Nomura Sticks With GBX 3110.00 Target Price per Share On Asos (LON:ASC) Shares, Sticks With Their Original “Neutral” Rating

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Asos (LON:ASC) Rating Reaffirmed

Nomura now has a GBX 3110.00 target on the 2.89 billion GBP market cap company or -11.32% downside potential. In a note made public on Monday morning, Asos (LON:ASC) shares have had their “Neutral” Rating reaffirmed by equity research analysts at Nomura.

From a total of 24 analysts covering ASOS Plc (LON:ASC) stock, 15 rate it a ”Buy”, 3 a “Sell”, and 8 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is GBX 5050 while the lowest target price is GBX 1800. The mean of all analyst targets is GBX 3781.67 with a 8.58% above today’s (GBX 3503) stock price. ASOS Plc was the topic of 44 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 4 with “Hold” rating. Berenberg maintained shares with “Buy” rating and GBX 4100 target share price in a report from a November 6. Liberum Capital maintained ASC stock in a recent report from December 3 with “Buy” rating. Canaccord Genuity maintained the rating on October 28. Canaccord Genuity has a “Hold” rating and a GBX 3250 price target on shares. Finally, Shore Capital maintained the stock with “Buy” rating in a report issued on a November 12.

Approximately 190,412 shares of stock traded hands. ASOS plc (LON:ASC) has declined 6.35% since May 8, 2015 and is downtrending. It has underperformed by 5.27% the S&P500.

Breaking: Nomura Sticks With GBX 3110.00 Target Price per Share On Asos (LON:ASC) Shares, Sticks With Their Original

ASOS Plc is a United Kingdom-based global online fashion destination .The Firm sell cutting-edge fast fashion and offers a variety offashion-related content, making ASOS.com the hub of a thriving fashion community. The company has a market cap of 2.89 billion GBP. It sell 75,000 branded and own-brand products through localized mobile and web experiences, delivering from United Kingdom hub to almost every country in the world. It has 78.91 P/E ratio. It tailors the mix of own-label, global and local brands sold through each of nine local language websites: UK, United States, France, Germany, Spain, Italy, Australia, Russia and China.

According to Zacks Investment Research, “Ardmore Shipping Corporation engages in the ownership and operation of product and chemical tankers. It provides shipping services to customers through voyage charters, commercial pools, and time charters. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore Shipping Corporation is based in Mahon, Ireland.” Get a free copy of the Zacks research report on ASOS plc (ASC).

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