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

Peel Hunt restated their buy rating on shares of ASOS (LON:ASC) in a research report report published on Thursday morning. Peel Hunt currently has a GBX 7,000 ($93.60) target price on the stock.

ASC has been the topic of several other research reports. Deutsche Bank restated a hold rating and issued a GBX 5,800 ($77.55) target price on shares of ASOS in a report on Friday, December 8th. Morgan Stanley cut shares of ASOS to an underweight rating and cut their target price for the stock from GBX 5,170 ($69.13) to GBX 5,000 ($66.85) in a report on Friday, December 8th. Berenberg Bank restated a buy rating and issued a GBX 6,800 ($90.92) target price on shares of ASOS in a report on Thursday, November 2nd. Canaccord Genuity restated a sell rating and issued a GBX 3,622 ($48.43) target price on shares of ASOS in a report on Tuesday, October 17th. Finally, Beaufort Securities restated a buy rating on shares of ASOS in a report on Wednesday, October 18th. 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 an average price target of GBX 6,354.47 ($84.96).

ASOS (LON ASC) opened at GBX 6,835.35 ($91.39) on Thursday. ASOS has a fifty-two week low of GBX 58.29 ($0.78) and a fifty-two week high of GBX 6,970 ($93.19). The stock has a market cap of $5,720.00 and a P/E ratio of 8,993.88.

In other ASOS news, insider Helen Jane Ashton sold 6,081 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($76.00), for a total transaction of £345,644.04 ($462,152.75). Also, insider Nicholas Robertson sold 150,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of GBX 5,662 ($75.71), for a total value of £8,493,000 ($11,355,796.23).

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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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