Reaffirmed: ASOS Plc (LON:ASC) Buy Rating Reemphasized at Berenberg; GBX 4100.00 Target in Place


ASOS Plc (LON:ASC) Rating Reaffirmed

In analysts report issued on Friday, 11 December, The Buy rating of ASOS Plc (LON:ASC) shares was has decided to reaffirm by Berenberg, who now has a GBX 4100.00 price target on the stock. Berenberg’s price target indicates a possible upside of 22.83% from the current price of the company.

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 13.94% above today’s (GBX 3338.08) stock price. ASOS Plc was the topic of 45 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 7 with “Neutral” rating. Berenberg maintained shares with “Buy” rating and GBX 4100 target share price in a report from a November 6. Goldman Sachs 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, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a November 17.

The stock decreased 1.53% or GBX 51.92 on December 10, striking GBX 3338.08. Approximately 405,770 shares of stock traded hands. ASOS plc (LON:ASC) has declined 11.62% since May 14, 2015 and is downtrending. It has underperformed by 9.69% the S&P500.

Reaffirmed: ASOS Plc (LON:ASC) Buy Rating Reemphasized at Berenberg; GBX 4100.00 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 2.81 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 75.19 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).