Today Investec Sticks With a Hold Rating on ASOS Plc (LON:ASC) and a GBX 3400.00 Target Price

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ASOS Plc (LON:ASC) Rating Reaffirmed

The broker has just set a target price of GBX 3400.00 on ASOS Plc (LON:ASC) shares. This is 3.33% from the previous stock close. In a comprehensive report distributed to Clients on 15 December, Investec kept steady their Hold rating on shares of ASC.

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 3792.08 with a 14.81% above today’s (GBX 3313) stock price. ASOS Plc was the topic of 46 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Berenberg maintained shares on December 11 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 4500 target share price in a report from a November 17. Jefferies maintained ASC stock in a recent report from December 4 with “Hold” rating. Canaccord Genuity maintained the rating on October 28. Canaccord Genuity has a “Hold” rating and a GBX 3250 price target on shares. Finally, Liberum Capital maintained the stock with “Buy” rating in a report issued on a December 3.

Approximately 63,368 shares of stock traded hands. ASOS plc (LON:ASC) has declined 15.03% since May 18, 2015 and is downtrending. It has underperformed by 11.36% the S&P500.

Today Investec Sticks With a Hold Rating on ASOS Plc (LON:ASC) and a GBX 3400.00 Target Price

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 2.74 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 74.63 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.”

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