Macquarie starts coverage of ASOS at 'outperform'
20th Sep 2016 09:41
(ShareCast News) - Macquarie initiated coverage of online fashion retailer ASOS at 'outperform' with a 5,700p price target. "ASOS is an attractive online fashion mall/destination for the 16-34 year old global audience, offering a range of own-label and branded products with best-in-class delivery/re
Read moreFriday broker round-up
16th Sep 2016 10:54
(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with
Read moreBroker tips: Moneysupermarket, ASOS, Morrison
16th Sep 2016 09:23
(ShareCast News) - Moneysupermarket.com Group shares gained on Friday as RBC Capital Markets initiated the stock at an 'outperform' rating with a price target of 400p. "Moneysupermarket offers the only pure way to get exposure to the structural growth opportunity in price-comparison websites," RBC s
Read moreASOS pays £20m to settle trademark dispute
2nd Sep 2016 09:11
(ShareCast News) - British online retailer ASOS has finalised a global settlement with two companies over a trade mark infringement. After several court cases and trade mark registry actions around the world, ASOS have settled disputes with Swiss cycle wear manufacturer Assos and German menswear ret
Read moreWednesday newspaper share tips: Asos, Premier Oil
13th Jul 2016 15:55
(ShareCast News) - Markets had fallen in love with Asos again, as the company continued to execute the same strategy as Amazon.com before it, pursuing high-turnover and low margins at the same time, thus creating barriers to entry for competitors, the Financial Times's Lex column said. The trick lay
Read moreBerenberg lifts ASOS target price after Q3 trading update
13th Jul 2016 09:36
(ShareCast News) - Berenberg has reiterated its 'buy' rating on ASOS and raised its target price to 5,100p from 4,100p after the fashion retailer reported better-than-expected third quarter revenues. ASOS on Tuesday reported a 30% rise in total sales for the four months to 30 June and said it expect
Read moreTuesday preview: ASOS reports trading update for fiscal third quarter
11th Jul 2016 14:33
(ShareCast News) - ASOS reports its latest trading update on Tuesday with analysts expecting the online fashion retailer to report robust results for the fiscal third quarter. Numis said it sees strong top-line performance in the four months to 30 June, bolstered by continued demand in the UK and fu
Read moreThursday broker round-up
23rd Jun 2016 13:11
(ShareCast News) - Ascential: Goldman Sachs reiterates buy with a target price of 278p. Sophos: UBS keeps at buy with a 300p target. SSP Group: JP Morgan keeps at overweight with a target price of 335p. Vodafone: HSBC upgrades to buy with a target of 175p. Bae Systems: Berenberg downgrades to hol
Read moreBroker tips: Asos, Cobham, Inmarsat
20th Jun 2016 15:09
(ShareCast News) - RBC Capital Markets reiterated its 'outperform' stance and 4,500p price target on online fashion retailer ASOS, saying the recent share price weakness was a buying opportunity. The broker noted the shares have dropped more than 10% over the last month, most likely on concerns over
Read moreRecent ASOS weakness is buying opportunity, says RBC Capital
20th Jun 2016 09:52
(ShareCast News) - RBC Capital Markets reiterated its 'outperform' stance and 4,500p price target on online fashion retailer ASOS, saying the recent share price weakness was a buying opportunity. RBC noted the shares have dropped more than 10% over the last month, most likely on concerns over Amazon
Read moreMPs call for 'internet levy' to level business rates field
14th Jun 2016 12:54
(ShareCast News) - A UK parliamentary committee has recommended a levy on internet-only retailers like Amazon and Asos in order to level the playing field against high street shops who have to pay business rates on their shops. The Commons local government committee published a report on Tuesday th
Read moreDirector dealings: Ex-Asos CEO Robertson sells shares to fund divorce
26th May 2016 15:19
(ShareCast News) - Asos's ex-chief executive Nick Robertson has dumped 1.3m shares at 3,525p on Thursday in order to fund an expensive divorce. Roberston, now a non-executive director, completed an accelerated secondary placing to institutional investors that will reap a gross £46m to help pay for t
Read moreAsos founder trims stake but analysts sanguine
26th May 2016 08:48
(ShareCast News) - Asos founder Nick Robertson sold a large amount of shares on Thursday due to personal needs for additional liquidity arising from recent developments in his personal life. His disposal did not reflect "a change in confidence with respect to the prospects of the business", Shore Ca
Read moreCMA accuses top model agencies of price fixing
25th May 2016 12:21
(ShareCast News) - The Competition and Markets Authority has accused five modelling agencies of colluding to fix their prices. The competition watchdog said that between April 2013 and March 2015, FM Models, Models 1, Premier, Storm and Viva - used by big name high street and online retailers that c
Read moreTuesday broker round-up
10th May 2016 15:38
(ShareCast News) - Foxtons: Citigroup upgrades to neutral with a 140p target. RBS: HBSC retains hold with a 240p target. Croda: JP Morgan keeps at overweight with a 3314p target. Aberdeen Asset Management: Goldman Sachs reiterates neutral with a target of 294p. Bovis Homes: Canaccord reiterates b
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