ASOS (LON:ASC) Price Target Raised to GBX 8,100 at Royal Bank of Canada

ASOS (LON:ASC) had its price target hoisted by Royal Bank of Canada from GBX 7,400 ($102.24) to GBX 8,100 ($111.91) in a report released on Friday, January 26th. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other research firms also recently commented on ASC. Liberum Capital restated a buy rating and issued a GBX 8,000 ($110.53) price objective on shares of ASOS in a report on Wednesday, January 17th. Deutsche Bank restated a hold rating and issued a GBX 6,000 ($82.90) price objective on shares of ASOS in a report on Monday, October 2nd. Peel Hunt restated a buy rating and issued a GBX 7,000 ($96.71) price objective on shares of ASOS in a report on Thursday, January 4th. Barclays restated an overweight rating on shares of ASOS in a report on Wednesday, October 18th. Finally, Berenberg Bank restated a buy rating and issued a GBX 6,800 ($93.95) price objective on shares of ASOS in a report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. ASOS currently has a consensus rating of Buy and an average target price of GBX 6,691.13 ($92.44).

ASOS (LON:ASC) traded up GBX 222 ($3.07) during trading on Friday, hitting GBX 6,860 ($94.78). The stock had a trading volume of 307,545 shares, compared to its average volume of 277,977. The stock has a market cap of $5,740.00 and a P/E ratio of 9,026.32. ASOS has a 52 week low of GBX 58.29 ($0.81) and a 52 week high of GBX 7,524 ($103.95).

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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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