Rating Alert: ASOS Plc (LON:ASC) Gains a Vote of Confidence From Goldman Sachs. What to Expect?

November 28, 2016 - By Linda Rogers

ASOS Plc (LON:ASC) Upgrade

Trading of ASOS Plc (LON:ASC)‘s shares is going to be interesting today, as Goldman Sachs boosted the stock to a Buy. Along the rating upgrade, Goldman Sachs analysts gave a TP of GBX 6200.00 or 18.08% more.

ASOS plc (LON:ASC) Ratings Coverage

Out of 24 analysts covering ASOS Plc (LON:ASC), 14 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 58% are positive. GBX 8159 is the highest target while GBX 45 is the lowest. The GBX 5116.32 average target is -1.53% below today’s (GBX 5196) stock price. ASOS Plc has been the topic of 148 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Nomura on Wednesday, October 21 with “Neutral”. The stock of ASOS plc (LON:ASC) earned “Buy” rating by Shore Capital on Friday, September 2. The stock has “Hold” rating given by Investec on Monday, January 11. The rating was upgraded by Investec on Wednesday, October 21 to “Hold”. Canaccord Genuity maintained it with “Hold” rating and GBX 3250 target price in Thursday, January 14 report. Barclays Capital maintained ASOS plc (LON:ASC) on Wednesday, October 21 with “Overweight” rating. The stock has “Buy” rating given by Berenberg on Thursday, September 3. As per Tuesday, September 29, the company rating was maintained by Citigroup. The company was maintained on Wednesday, October 19 by JP Morgan. Peel Hunt maintained ASOS plc (LON:ASC) rating on Tuesday, April 12. Peel Hunt has “Buy” rating and GBX 4000 price target.

About 112,544 shares traded hands. ASOS plc (LON:ASC) has risen 42.01% since April 27, 2016 and is uptrending. It has outperformed by 35.99% 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 $334,904 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 4.46 billion GBP. The Firm sells and offers a range of fashion-related content on ASOS.com. It has a 124.62 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.

Another recent and important ASOS plc (LON:ASC) news was published by Fool.Co.Uk which published an article titled: “Are ASOS plc and CloudTag Inc the most overvalued shares in the market?” on October 18, 2016.

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