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UBS has maintained a "Neutral" rating for Asos following the release of its first-half financial results, setting a target price of 400 pence. The online fashion retailer's revenue decline at constant exchange rates met expectations, while its adjusted EBITDA slightly exceeded market forecasts.
NatWest's chief executive, Paul Thwaite, is set to receive a pay package of up to £7.7 million, pending shareholder approval at the upcoming AGM. This represents a 43% increase, potentially rising to £9.5 million if the bank's shares increase by 50%. The bank is also on track for full private ownership by summer, with the government’s stake reduced to 2.99% after a £46 billion bailout in 2008.
ASOS (OTCMKTS:ASOMY) received a "strong sell" rating from BNP Paribas, while HSBC Global Research upgraded its rating from "moderate sell" to "hold." The stock opened at $2.93, down 5.3%, with a twelve-month low of $2.89 and a high of $5.89. ASOS operates as an online fashion retailer across multiple countries, offering a variety of brands.
UBS has maintained a "Neutral" rating for Asos, setting a target price of 400 pence. Analyst Yashraj Rajani noted that the online retailer's half-year operating results exceeded expectations following its interim report.
UBS has reduced its target price for Asos from 440 to 400 pence while maintaining a "Neutral" rating. Analyst Yashraj Rajani noted the company's effective management strategy, which has successfully halved inventories after two years of restructuring, but emphasized the need for increased sales. Asos operates globally with a diverse brand portfolio and a robust warehouse network for efficient delivery.
UBS has maintained a 'Neutral' rating for Asos, setting a target price of 440 pence following the company's financial figures for 2023/24. Sales fell short of consensus expectations, although the forecast for operating profit in 2024/25 met expectations, with improvements in inventory management noted as encouraging.
UBS has maintained a 'Neutral' rating for Asos with a target price of 440 pence following disappointing sales figures for the 2023/24 financial year. While sales fell short of expectations, the forecast for operating profit in 2024/25 met projections, and improvements in inventory management were noted as positive developments.
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UBS maintains neutral rating on Asos following first half results
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ubs maintains neutral rating for asos with target price of 440 pence
11:44 05.11.2024
ubs maintains neutral rating for asos with target price of 440 pence
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11:44 05.11.2024
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