Jefferies Analyst Reaffirmed GBX 5000.00 Price Target on Asos (LON:ASC) stock, While Reiterating Hold Rating

Asos (LON:ASC) Rating

London: In a note sent to investors on Thursday morning, Jefferies restate their Hold rating on shares of Asos (LON:ASC). They currently have a GBX 5000.00 PT on the firm. Jefferies’s target would indicate a potential upside of 3.95% from the company’s last price.

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 7962 is the highest target while GBX 45 is the lowest. The GBX 4835.09 average target is 0.20% above today’s (GBX 4825.25) stock price. ASOS Plc has been the topic of 120 analyst reports since October 5, 2015 according to StockzIntelligence Inc. UBS maintained the stock on September 28 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and GBX 5000 target price in an August 30 report. JP Morgan maintained the shares of ASC in a report on September 16 with “Overweight” rating. Liberum Capital maintained the firm’s rating on August 11. Liberum Capital has “Buy” rating and GBX 4800 price target. Lastly, Goldman Sachs maintained the stock with “Neutral” rating in a September 6 report.

About 88,574 shares traded hands. ASOS plc (LON:ASC) has risen 61.54% since February 29, 2016 and is uptrending. It has outperformed by 50.28% the S&P500.

Analysts await Ardmore Shipping Corp (NYSE:ASC) to report earnings on October, 25. They expect $0.10 earnings per share, down 80.77% or $0.42 from last year’s $0.52 per share. ASC’s profit will be $3.34M for 18.23 P/E if the $0.10 EPS becomes a reality. After $0.17 actual earnings per share reported by Ardmore Shipping Corp for the previous quarter, Wall Street now forecasts -41.18% negative EPS growth.

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 3.99 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 a 106.89 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.”

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