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Asos ShareCast News (ASC)
ShareCast News for Asos (ASC)
| Share Price: 3,851.00 | Bid: 3,851.00 | Ask: 3,876.00 | Change: -39.00 (-1.00%) |  | ||||||
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Broker snap: Peel Hunt upgrades ASOS to buy
Mon, 5th Dec 2011 10:43
Peel Hunt has upgraded its rating for ASOS from hold to buy, saying that the recent share price weakness provides a "rare buying opportunity for a leading global online growth retailer."
"The UK market is far from mature, while international growth potential looks as strong as ever, before we take account of future own-language sites for key markets such as China," said analyst John Stevenson.
The broker says that the shares are trading at 24 times 2013 (end-March) earnings and offering three-year compound earnings per share growth of 49% until 2015, which represents a "marked discount" to international online peers and the Peel Hunt Online B2C Index.
"In addition, the combination of rising operating cash flow and the completion of the new warehouse provides the basis for cash balances to build quickly over the next three years, suggesting the maiden dividend may arrive sooner rather than later," Stevenson added.
The target price stays at 1,900p.
By10:42 on Monday, shares were trading 6.03% higher at 1,442p.
BC
"The UK market is far from mature, while international growth potential looks as strong as ever, before we take account of future own-language sites for key markets such as China," said analyst John Stevenson.
The broker says that the shares are trading at 24 times 2013 (end-March) earnings and offering three-year compound earnings per share growth of 49% until 2015, which represents a "marked discount" to international online peers and the Peel Hunt Online B2C Index.
"In addition, the combination of rising operating cash flow and the completion of the new warehouse provides the basis for cash balances to build quickly over the next three years, suggesting the maiden dividend may arrive sooner rather than later," Stevenson added.
The target price stays at 1,900p.
By10:42 on Monday, shares were trading 6.03% higher at 1,442p.
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]
