ASOS plc (ASC) Given Consensus Rating of “Buy” by Analysts

ASOS plc (LON:ASC) has received an average rating of “Buy” from the eighteen analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 6,692.64 ($93.84).

A number of equities analysts have weighed in on ASC shares. Morgan Stanley lowered ASOS to an “underweight” rating and decreased their target price for the stock from GBX 5,170 ($72.49) to GBX 5,000 ($70.11) in a research note on Friday, December 8th. Shore Capital restated a “buy” rating on shares of ASOS in a research note on Wednesday, October 11th. Credit Suisse Group upped their target price on ASOS from GBX 5,600 ($78.52) to GBX 5,725 ($80.27) and gave the stock a “neutral” rating in a research note on Monday, November 13th. Peel Hunt restated a “buy” rating and issued a GBX 7,000 ($98.15) target price on shares of ASOS in a research note on Wednesday, November 29th. Finally, Deutsche Bank restated a “hold” rating and issued a GBX 5,800 ($81.32) target price on shares of ASOS in a research note on Friday, December 8th.

ASOS (LON ASC) opened at GBX 7,260 ($101.79) on Tuesday. The firm has a market capitalization of $6,070.00 and a PE ratio of 9,552.63. ASOS has a one year low of GBX 58.29 ($0.82) and a one year high of GBX 7,524 ($105.50).

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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 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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