ASOS Plc (LON:ASC) Stock Upgrade
In analysts report published on Thursday morning, Peel Hunt lifted the shares of ASOS Plc (LON:ASC) to a respectable Buy rating. They currently have a GBX 4000.00 target on the stock. This target would now indicate a possible upside of 29.03% from the close price of ASOS Plc (LON:ASC) shares.
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 3823.33 with a 14.67% above today’s (GBX 3316.9) stock price. ASOS Plc was the topic of 47 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on December 15 with “Hold” rating. Liberum Capital maintained shares with “Buy” rating and GBX 3700 target share price in a report from a December 3. Nomura maintained ASC stock in a recent report from December 7 with “Neutral” rating. Barclays Capital maintained the rating on November 17. Barclays Capital has a “Overweight” rating and a GBX 4500 price target on shares. Finally, Goldman Sachs maintained the stock with “Buy” rating in a report issued on a December 3.
The stock increased 2.03% or GBX 65.9 on December 16, striking GBX 3316.9. Approximately shares of stock traded hands. ASOS plc (LON:ASC) has declined 14.29% since May 20, 2015 and is downtrending. It has underperformed by 12.03% the S&P500.
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 74.72 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.”