ASOS’s (ASC) Buy Rating Reaffirmed at Peel Hunt

ASOS (LON:ASC)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada reissued a “top pick” rating on shares of ASOS in a report on Monday. Shore Capital reissued a “buy” rating on shares of ASOS in a report on Tuesday, October 9th. Credit Suisse Group lowered shares of ASOS to an “underperform” rating and boosted their price objective for the company from GBX 5,725 ($74.81) to GBX 5,750 ($75.13) in a report on Wednesday, September 5th. Berenberg Bank reissued a “buy” rating and set a GBX 8,300 ($108.45) price objective on shares of ASOS in a report on Friday, July 27th. Finally, Liberum Capital reissued a “buy” rating on shares of ASOS in a report on Wednesday, July 18th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 7,191.78 ($93.97).

Shares of ASC opened at GBX 5,960 ($77.88) on Wednesday. ASOS has a 1-year low of GBX 58.29 ($0.76) and a 1-year high of GBX 7,770 ($101.53).

ASOS Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, and the Russian Federation. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and own-labeled products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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