Rating Coverage: ASOS Plc (LON:ASC) “Buy” Rating Reconfirmed at Berenberg; The Target is Set to GBX 6500.00

November 24, 2016 - By Peter Kolinski

ASOS Plc (LON:ASC) Rating

Berenberg currently has a GBX 6500.00 PT on the 4.24B GBP market cap company or 28.37% upside potential. In analysts note published on Thursday morning, ASOS Plc (LON:ASC) stock had its “Buy” Rating reiterated by equity analysts at Berenberg.

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 0.16% above today’s (GBX 5058) stock price. ASOS Plc has been the topic of 147 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by JP Morgan with “Overweight” on Friday, July 1. Liberum Capital maintained it with “Hold” rating and GBX 3300 target price in Wednesday, September 2 report. The rating was maintained by Deutsche Bank on Friday, January 15 with “Buy”. The stock of ASOS plc (LON:ASC) earned “Buy” rating by Liberum Capital on Thursday, December 3. The stock of ASOS plc (LON:ASC) has “Buy” rating given on Tuesday, April 12 by Numis Securities. The company was maintained on Wednesday, September 28 by UBS. The company was maintained on Tuesday, July 12 by Investec. The stock has “Hold” rating given by Investec on Friday, October 21. The rating was maintained by JP Morgan on Tuesday, August 4 with “Overweight”. As per Monday, September 7, the company rating was maintained by Liberum Capital.

About 32,727 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 EPS, 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 EPS 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 121.31 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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