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Asos ShareCast News (ASC)
ShareCast News for Asos (ASC)
| Share Price: 3,818.00 | Bid: 3,819.00 | Ask: 3,822.00 | Change: -72.00 (-1.85%) |  | ||||||
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Broker tips: Petropavlovsk, Ladbrokes, Retailers
Wed, 6th Jun 2012 11:14
UBS has upgraded its rating for Russia-focused gold group Petropavlovsk from neutral to buy on the back of the recent share-price underperformance and weakness in the rouble.
However, UBS has cut its target price from 650p to 630p after lowering its 2012 earnings per share (EPS) forecast by 22% to 104 US cents on the back of increased cost inflation.
Panmure Gordon says that any weakness in Ladbrokes shares should be seen as a buying opportunity following the news that its head of trading, Jon Thompson, has been dismissed.
"This is clearly disappointing news and calls into question the structure of the business which moved away from a divisional approach to a competency or discipline based one some 12 months ago."
However, the broker says that "this cloud may have a silver lining if superior traders can be recruited. Any share price weakness should be viewed as an opportunity."
Peel Hunt has named its top picks and top risks as part of its review of the general retail sector, saying that while the category has enjoyed a strong start to 2012, the recovery is likely to be a long haul.
Peel Hunt rates Dunelm, ASOS, N Brown and Ted Baker as buys and its top picks for growth. Debenhams and Booker are also rated buy as the leading 'self-help' retailers. As for the top picks for recovery, the broker highlights Topps Tiles (buy) and Moss Bros (buy).
In contrast, Halfords has been downgraded from hold to sell to reflects "concerns on forecasts, a lack of organic growth and Halfords' inability to cut lease space." SuperGroup has retained its sell rating due to the sales mix and execution risk. Meanwhile WH Smith is rated a hold due to concerns over the disruptive impact of technology on the High Street.
BC
However, UBS has cut its target price from 650p to 630p after lowering its 2012 earnings per share (EPS) forecast by 22% to 104 US cents on the back of increased cost inflation.
Panmure Gordon says that any weakness in Ladbrokes shares should be seen as a buying opportunity following the news that its head of trading, Jon Thompson, has been dismissed.
"This is clearly disappointing news and calls into question the structure of the business which moved away from a divisional approach to a competency or discipline based one some 12 months ago."
However, the broker says that "this cloud may have a silver lining if superior traders can be recruited. Any share price weakness should be viewed as an opportunity."
Peel Hunt has named its top picks and top risks as part of its review of the general retail sector, saying that while the category has enjoyed a strong start to 2012, the recovery is likely to be a long haul.
Peel Hunt rates Dunelm, ASOS, N Brown and Ted Baker as buys and its top picks for growth. Debenhams and Booker are also rated buy as the leading 'self-help' retailers. As for the top picks for recovery, the broker highlights Topps Tiles (buy) and Moss Bros (buy).
In contrast, Halfords has been downgraded from hold to sell to reflects "concerns on forecasts, a lack of organic growth and Halfords' inability to cut lease space." SuperGroup has retained its sell rating due to the sales mix and execution risk. Meanwhile WH Smith is rated a hold due to concerns over the disruptive impact of technology on the High Street.
BC
Broker tips: Ocado, ASOS, BT Group
Following today´s AGM statement from on-line grocer Ocado analysts at Panmure Gordon believe there is an increased chance that it will reach a deal with peer Morrison.[10 May '13]
Broker snap: ASOS is in a 'sweet' spot, UBS says
'Better impossible' may be the most apt title for UBS´s research note on Friday morning for retailer ASOS, except for the fact that it could conceivably get even better.[10 May '13]
Tuesday broker round-up UPDATE
Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigroup ups target price from 455p to 470p, while its neutral rating remains unchanged. UBS moves target price from 500p to 520p and retains a buy recommendation. Jefferies revises targe[30 Apr '13]
ASOS confident for remainder of year
Online fashion retailer ASOS delivered an increase in first half profit and retail sales and said it is on track to meet full year targets.[30 Apr '13]
Sunday share tips: ASOS, AB Foods, Archipelago Resources
Internet fashion retailer ASOS is in fashion and will continue to be so for some time to come. Yes, the company´s latest trading statement - due out on Tuesday - is likely to show that gross margins suffered this past fall and winter as the outfit "invested" in more customer traffic via price reductions. Yet that is likely to turn out to have been "a pause to refresh," and it worked. Sales have shot up by a third over the last half-year. Thus, some analysts see the shares ris[28 Apr '13]
ASOS announces retirement of International Director
Online fashion retailer ASOS said its International Director Jon Kamaluddin is stepping down from the board after nine years with the company.[24 Apr '13]
Monday broker round-up UPDATE
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation.[8 Apr '13]
Tuesday broker round-up UPDATE
Afren: Liberum Capital shifts target price from 123p to 130p maintaining a hold recommendation.[2 Apr '13]
