Royal Bank of Canada Reiterates “Outperform” Rating for ASOS (LON:ASC)

Royal Bank of Canada reiterated their outperform rating on shares of ASOS (LON:ASC) in a report issued on Monday, January 8th. The brokerage currently has a GBX 7,400 ($103.92) price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Peel Hunt restated a buy rating and set a GBX 7,000 ($98.30) price target on shares of ASOS in a report on Friday, September 15th. Shore Capital restated a buy rating on shares of ASOS in a report on Thursday, November 2nd. Liberum Capital reiterated a buy rating and issued a GBX 6,400 ($89.88) price objective on shares of ASOS in a report on Tuesday, October 17th. Beaufort Securities reiterated a buy rating on shares of ASOS in a report on Wednesday, October 18th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 6,800 ($95.49) price objective on shares of ASOS in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. ASOS currently has an average rating of Buy and an average price target of GBX 6,691.13 ($93.96).

Shares of ASOS (LON:ASC) opened at GBX 7,414 ($104.11) on Monday. ASOS has a 1-year low of GBX 58.29 ($0.82) and a 1-year high of GBX 7,524 ($105.66). The firm has a market capitalization of $6,200.00 and a PE ratio of 9,755.26.

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ASOS Company Profile

Asos PLC is a global fashion destination for a range of things. The Company sells and offers a range of fashion-related content on ASOS.com. The Company’s segments include UK, US, EU and RoW. It sells over 85,000 branded and own-label products through localized mobile and Web experiences, delivering from its fulfilment centers in the United Kingdom, the United States, Europe and across the world.

Analyst Recommendations for ASOS (LON:ASC)

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