ASOS (ASC)

Sector:

Retailers

Index:

FTSE Small Cap

383.40p
   
  • Change Today:
      8.30p
  • 52 Week High: 820.50
  • 52 Week Low: 325.00
  • Currency: UK Pounds
  • Shares Issued: 119.33m
  • Volume: 407,917
  • Market Cap: £457.53m
  • RiskGrade: 234

Deutsche Bank upgrades B&M, downgrades Kingfisher

By Michele Maatouk

Date: Friday 03 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Deutsche Bank adjusted its ratings on a number of retailers on Friday, as it noted that the European general retail sector ended 2022 on a "surprisingly good" note.
"Whilst 2023 is unlikely to be a great year for consumers, the outlook is getting noticeably less chilly in our view," it said.

The bank upgraded discounter B&M European Value Retail and Marks & Spencer to 'buy' from 'hold'. The price targets were lifted to 580p from 460p and to 210p from 145p, respectively.

Deutsche downgraded B&Q owner Kingfisher, Pets at Home, Asos and Wickes to 'hold' from 'buy'. It cut the Kingfisher price target to 260p from 275p, but lifted its price target on Pets at Home to 355p from 310p. The target price for Asos was upped to 950p from 800p, while the Wickes TP was increased to 160p from 150p.

"In addition to a less bearish view on the consumer outlook the inflationary pressures in cost of goods sold are set to reverse to a tailwind as we look into 2H and into 2024," the bank said.

"Operating cost inflation likely remains the biggest challenge facing the sector but with energy costs falling it is largely wage inflation that has to be managed.

"Given this backdrop, our thesis has evolved to prefer clothing retailers over hardlines, discount over mainstream and physical retail over online."

Spain's Inditex was upgraded to 'hold' from 'sell' and the price target to €27 from €23. Deutsche kept Zalando at 'buy' and hiked the price target to €53 from €33.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ASOS Market Data

Currency UK Pounds
Share Price 383.40p
Change Today 8.30p
% Change 2.21 %
52 Week High 820.50
52 Week Low 325.00
Volume 407,917
Shares Issued 119.33m
Market Cap £457.53m
RiskGrade 234

ASOS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.96% above the market average12.96% above the market average12.96% above the market average12.96% above the market average12.96% above the market average
31.58% above the sector average31.58% above the sector average31.58% above the sector average31.58% above the sector average31.58% above the sector average
Price Trend
62.17% below the market average62.17% below the market average62.17% below the market average62.17% below the market average62.17% below the market average
65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average
Income Not Available
Growth
66.97% below the market average66.97% below the market average66.97% below the market average66.97% below the market average66.97% below the market average
45% below the sector average45% below the sector average45% below the sector average45% below the sector average45% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 12
Sell 6
Strong Sell 1
Total 22
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ASOS Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 488 @ 383.40p
16:35 101,444 @ 383.40p
16:35 1,734 @ 383.40p
16:35 164 @ 383.40p
16:35 282 @ 383.40p

ASOS Key Personnel

CEO José Antonio Ramos Calamonte

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