Important Rating: Asos (LON:ASC) Investors: Berenberg Bank Maintains Buy Rating, Sees GBX 6500.00/Share

November 24, 2016 - By Ruchi Gupta

Asos (LON:ASC) Rating

In a research report published on Thursday, 24 November, Asos (LON:ASC) stock had its Buy Rating maintained by research analysts at Berenberg Bank. They currently have a GBX 6500.00 target price on firm. Berenberg Bank’s target would indicate a potential upside of 28.43% from the company’s last stock price.

ASOS plc (LON:ASC) Ratings Coverage

Out of 24 analysts covering ASOS Plc (LON:ASC), 13 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 54% are positive. GBX 8159 is the highest target while GBX 45 is the lowest. The GBX 5066.32 average target is 0.03% above today’s (GBX 5065) stock price. ASOS Plc has been the topic of 147 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Thursday, September 3 the stock rating was maintained by Berenberg with “Buy”. The rating was maintained by HSBC on Wednesday, April 13 with “Buy”. Numis Securities upgraded ASOS plc (LON:ASC) rating on Tuesday, October 20. Numis Securities has “Buy” rating and GBX 4250 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, January 18 report. The firm earned “Overweight” rating on Monday, October 3 by JP Morgan. The firm has “Overweight” rating given on Wednesday, October 21 by Barclays Capital. The firm has “Overweight” rating by JP Morgan given on Wednesday, October 21. The rating was maintained by Canaccord Genuity on Thursday, January 14 with “Hold”. Cantor Fitzgerald maintained ASOS plc (LON:ASC) on Tuesday, April 12 with “Hold” rating. The firm earned “Outperform” rating on Tuesday, March 29 by RBC Capital Markets.

About 179,504 shares traded hands. ASOS plc (LON:ASC) has risen 33.90% since April 25, 2016 and is uptrending. It has outperformed by 28.49% the S&P500.

Analysts await Ardmore Shipping Corp (NYSE:ASC) to report earnings on February, 1. They expect $0.01 earnings per share, down 95.24% or $0.20 from last year’s $0.21 per share. ASC’s profit will be $332,504 for 168.75 P/E if the $0.01 EPS becomes a reality. After $-0.05 actual earnings per share reported by Ardmore Shipping Corp for the previous quarter, Wall Street now forecasts -120.00% EPS growth.

Asos PLC is a global fashion destination for a range of things. The company has a market cap of 4.24 billion GBP. The Firm sells and offers a range of fashion-related content on ASOS.com. It has a 121.48 P/E ratio. The Company’s divisions include UK, US, EU and RoW.

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.”

ASC Company Profile

Ardmore Shipping Corporation, incorporated on May 14, 2013, provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the activities of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The Company’s vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader.

More news for ASOS plc (LON:ASC) were recently published by: Fool.Co.Uk, which released: “Are ASOS plc and CloudTag Inc the most overvalued shares in the market?” on October 18, 2016. Fool.Co.Uk‘s article titled: “Will Koovs plc and Boohoo.com plc ever match ASOS plc?” and published on May 25, 2016 is yet another important article.

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