Peel Hunt Reaffirms “Buy” Rating for ASOS (ASC)

ASOS (LON:ASC)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 7,000 ($94.93) target price on the stock. Peel Hunt’s price objective suggests a potential downside of 6.29% from the stock’s previous close.

A number of other brokerages have also recently commented on ASC. Liberum Capital reaffirmed a “buy” rating and set a GBX 8,000 ($108.49) price objective on shares of ASOS in a research note on Wednesday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 7,400 ($100.35) price objective on shares of ASOS in a research note on Monday, January 8th. Deutsche Bank raised ASOS to a “buy” rating and lifted their price objective for the stock from GBX 5,800 ($78.65) to GBX 7,400 ($100.35) in a research note on Tuesday, January 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,800 ($92.22) price objective on shares of ASOS in a research note on Monday, December 18th. Finally, Morgan Stanley cut ASOS to an “underweight” rating and decreased their price objective for the stock from GBX 5,170 ($70.11) to GBX 5,000 ($67.81) in a research note on Friday, December 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 6,591.13 ($89.38).

ASOS (LON:ASC) traded up GBX 390 ($5.29) during midday trading on Thursday, hitting GBX 7,470 ($101.30). The stock had a trading volume of 382,735 shares, compared to its average volume of 224,170. The firm has a market cap of $6,250.00 and a PE ratio of 9,828.95. ASOS has a one year low of GBX 58.29 ($0.79) and a one year high of GBX 7,470 ($101.30).

In other ASOS news, insider Helen Jane Ashton sold 6,081 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($77.08), for a total value of £345,644.04 ($468,733.44).

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About ASOS

Asos PLC is a global fashion destination for a range of things. The Company sells and offers a range of fashion-related content on 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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