ASOS (LON:ASC) Receives “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of ASOS (LON:ASC) in a report issued on Wednesday, October 3rd.

A number of other equities analysts have also recently issued reports on ASC. Liberum Capital reissued a buy rating and issued a GBX 8,000 ($104.53) target price on shares of ASOS in a report on Friday, June 22nd. Numis Securities reaffirmed a buy rating and set a GBX 8,500 ($111.07) price target on shares of ASOS in a report on Monday, June 25th. Citigroup cut their price target on ASOS from GBX 7,750 ($101.27) to GBX 7,000 ($91.47) and set a neutral rating on the stock in a report on Thursday, June 28th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 7,500 ($98.00) price target on shares of ASOS in a report on Wednesday, June 27th. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 8,300 ($108.45) price target on shares of ASOS in a report on Thursday, June 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 7,358.44 ($96.15).

LON:ASC opened at GBX 5,006 ($65.41) on Wednesday. ASOS has a one year low of GBX 58.29 ($0.76) and a one 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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