ASOS’s (ASC) Buy Rating Reaffirmed at Liberum Capital

ASOS (LON:ASC)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a report released on Monday. They presently have a GBX 8,000 ($112.17) price target on the stock. Liberum Capital’s target price would indicate a potential upside of 20.52% from the stock’s current price.

A number of other research analysts also recently commented on ASC. Shore Capital Group reissued a “buy” rating on shares of ASOS in a research report on Thursday, November 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 6,800 ($95.34) price objective on shares of ASOS in a research report on Thursday, November 2nd. Goldman Sachs Group lifted their price objective on shares of ASOS from GBX 6,100 ($85.53) to GBX 7,300 ($102.36) and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Peel Hunt reissued a “buy” rating and issued a GBX 7,000 ($98.15) price objective on shares of ASOS in a research report on Thursday, February 1st. Finally, Deutsche Bank downgraded shares of ASOS to a “hold” rating and set a GBX 7,400 ($103.76) price objective for the company. in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 6,691.13 ($93.82).

ASOS (ASC) opened at GBX 6,638 ($93.07) on Monday. ASOS has a 12-month low of GBX 58.29 ($0.82) and a 12-month high of GBX 7,524 ($105.50). The company has a market cap of $5,550.00 and a PE ratio of 8,734.21.

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About ASOS

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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