Reaffirmed: Asos (LON:ASC) Buy Rating Restated at Goldman Sachs; GBX 4200.00 Target in Place


Asos (LON:ASC) Rating Reaffirmed

They currently have a GBX 4200.00 TP on Asos (LON:ASC). The target price by Goldman Sachs would suggest a potential upside of 21.63% from the company’s previous close. This has been revealed to investors in a recent report on 3 December.

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 3777.5 with a 7.34% above today’s (GBX 3531.3) stock price. ASOS Plc was the topic of 41 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on November 30 with “Buy” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 3800 target share price in a report from an October 22. Shore Capital maintained ASC stock in a recent report from November 12 with “Buy” rating. Nomura maintained the rating on October 21. Nomura has a “Neutral” rating and a GBX 3110 price target on shares. Finally, Canaccord Genuity maintained the stock with “Hold” rating in a report issued on an October 28.

The stock increased 1.50% or GBX 52.3 on December 3, striking GBX 3531.3. Approximately 581,694 shares of stock traded hands or 10.30% up from the average. ASOS plc (LON:ASC) has declined 4.40% since May 6, 2015 and is downtrending. It has underperformed by 4.11% the S&P500.

Reaffirmed: Asos (LON:ASC) Buy Rating Restated at Goldman Sachs; GBX 4200.00 Target in Place

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 the hub of a thriving fashion community. The company has a market cap of 3.02 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 79.55 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).