Analyst at Deutsche Reaffirms The Asos (LON:ASC) Hold Rating They’ve Had

July 13, 2018 - By Benjamin Allen

ASOS Plc (LON:ASC) Logo

Asos (LON:ASC) Rating Reaffirmed

In analysts note shared with investors by Deutsche on Friday, 13 July, The Rating on Asos (LON:ASC) shares of a ‘Hold’ was reiterated.

ASOS Plc (LON:ASC) Ratings Coverage

Among 18 analysts covering ASOS Plc (LON:ASC), 12 have Buy rating, 3 Sell and 3 Hold. Therefore 67% are positive. ASOS Plc has GBX 9500 highest and GBX 455 lowest target. GBX 7370.94’s average target is 28.19% above currents GBX 5750 stock price. ASOS Plc had 53 analyst reports since January 17, 2018 according to SRatingsIntel. The stock of ASOS Plc (LON:ASC) earned “Hold” rating by Deutsche Bank on Friday, July 13. As per Tuesday, July 3, the company rating was maintained by Peel Hunt. The stock of ASOS Plc (LON:ASC) earned “Buy” rating by UBS on Thursday, July 12. On Friday, March 2 the stock rating was maintained by Shore Capital with “Buy”. The firm has “Buy” rating given on Monday, February 26 by Peel Hunt. Peel Hunt maintained the stock with “Buy” rating in Thursday, July 12 report. The firm earned “Buy” rating on Thursday, January 25 by Peel Hunt. Liberum Capital maintained ASOS Plc (LON:ASC) rating on Wednesday, April 11. Liberum Capital has “Buy” rating and GBX 8000 target. Numis Securities maintained the shares of ASC in report on Monday, February 26 with “Buy” rating. Numis Securities maintained ASOS Plc (LON:ASC) on Monday, June 25 with “Buy” rating.

The stock decreased 1.20% or GBX 70 during the last trading session, reaching GBX 5750. About 628,107 shares traded or 30.73% up from the average. ASOS Plc (LON:ASC) has 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await ASOS Plc (LON:ASC) to report earnings on August, 1. They expect $-0.10 earnings per share, down 66.67 % or $0.04 from last year’s $-0.06 per share. After $-0.16 actual earnings per share reported by ASOS Plc for the previous quarter, Wall Street now forecasts -37.50 % EPS growth.

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, and the Russian Federation. The company has market cap of 4.79 billion GBP. The firm offers a range of clothing products, including womenswear and menswear, footwear, and accessories, as well as jewelry and beauty collections. It has a 72.42 P/E ratio. It sells approximately 85,000 branded and own-labeled products primarily through its Website, asos.com, as well as through marketplace platforms, magazines, and social networking sites.

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