ASOS (ASC) Given New GBX 8,300 Price Target at Berenberg Bank

ASOS (LON:ASC) had its price objective hoisted by equities researchers at Berenberg Bank from GBX 6,800 ($93.95) to GBX 8,300 ($114.67) in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 10.96% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Shore Capital Group restated a “buy” rating on shares of ASOS in a research note on Thursday, November 2nd. Liberum Capital restated a “buy” rating and set a GBX 8,000 ($110.53) price target on shares of ASOS in a research note on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and set a GBX 8,100 ($111.91) price target on shares of ASOS in a research note on Wednesday. Numis Securities restated a “buy” rating and set a GBX 8,500 ($117.44) price target on shares of ASOS in a research note on Thursday, January 25th. Finally, Barclays restated an “overweight” rating on shares of ASOS in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 6,791.13 ($93.83).

Shares of ASOS (LON ASC) opened at GBX 7,480 ($103.34) on Thursday. ASOS has a one year low of GBX 58.29 ($0.81) and a one year high of GBX 7,594 ($104.92). The stock has a market cap of $6,260.00 and a P/E ratio of 9,842.11.

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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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