ASOS plc (ASC) Receives Consensus Rating of “Buy” from Analysts

Shares of ASOS plc (LON:ASC) have earned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 3,813.90 ($49.84).

ASC has been the subject of several research reports. Credit Suisse Group cut ASOS to a “neutral” rating and decreased their target price for the company from GBX 6,000 ($78.40) to GBX 3,500 ($45.73) in a research note on Tuesday, December 18th. Barclays dropped their price target on shares of ASOS from GBX 7,500 ($98.00) to GBX 4,000 ($52.27) and set an “overweight” rating on the stock in a research report on Tuesday, December 18th. Peel Hunt reissued a “buy” rating on shares of ASOS in a report on Tuesday, January 29th. Societe Generale reduced their price objective on shares of ASOS from £100.41 ($131.20) to GBX 5,217 ($68.17) and set a “buy” rating for the company in a research report on Tuesday, December 18th. Finally, Numis Securities lowered their price objective on shares of ASOS from GBX 7,000 ($91.47) to GBX 5,000 ($65.33) and set a “buy” rating on the stock in a research note on Monday, December 17th.

LON ASC opened at GBX 3,153 ($41.20) on Friday. ASOS has a 12 month low of GBX 2,114 ($27.62) and a 12 month high of GBX 7,138 ($93.27). The company has a market cap of $2.64 billion and a P/E ratio of 32.17.

About ASOS

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand 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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