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

Liberum Capital reiterated their buy rating on shares of ASOS (LON:ASC) in a research report sent to investors on Friday morning. They currently have a GBX 8,000 ($112.17) target price on the stock.

Several other equities analysts have also recently issued reports on ASC. Shore Capital reiterated a buy rating on shares of ASOS in a research note on Wednesday, October 11th. Peel Hunt reiterated a buy rating and issued a GBX 7,000 ($98.15) target price on shares of ASOS in a research note on Tuesday, October 17th. Canaccord Genuity reiterated a sell rating and issued a GBX 3,622 ($50.79) target price on shares of ASOS in a research note on Tuesday, October 17th. Deutsche Bank decreased their target price on shares of ASOS from GBX 6,000 ($84.13) to GBX 5,800 ($81.32) and set a hold rating for the company in a research note on Wednesday, October 18th. Finally, Barclays reiterated an overweight rating on shares of ASOS in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 6,691.13 ($93.82).

ASOS (LON:ASC) opened at GBX 7,260 ($101.79) on Friday. ASOS has a 12 month low of GBX 58.29 ($0.82) and a 12 month high of GBX 7,524 ($105.50). The stock has a market cap of $6,070.00 and a price-to-earnings ratio of 9,552.63.

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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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