ASOS plc (ASC) Receives GBX 7,382.94 Average Target Price from Analysts

ASOS plc (LON:ASC) has been assigned a consensus recommendation of “Buy” from the twenty-two research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 7,301.93 ($97.22).

Several brokerages have recently issued reports on ASC. Peel Hunt reiterated a “buy” rating and set a GBX 8,200 ($109.17) price target on shares of ASOS in a research report on Wednesday, April 11th. BNP Paribas lifted their price objective on ASOS from GBX 6,300 ($83.88) to GBX 9,500 ($126.48) and gave the company an “outperform” rating in a research report on Thursday, April 5th. Liberum Capital reissued a “buy” rating and set a GBX 8,000 ($106.51) price objective on shares of ASOS in a research report on Wednesday, April 11th. Numis Securities reissued a “buy” rating and set a GBX 8,500 ($113.17) price objective on shares of ASOS in a research report on Monday, June 25th. Finally, Royal Bank of Canada upgraded ASOS to a “top pick” rating in a research note on Monday.

ASOS traded down GBX 58 ($0.77), hitting GBX 6,500 ($86.54), during mid-day trading on Friday, Marketbeat reports. 212,265 shares of the company’s stock traded hands, compared to its average volume of 293,510. ASOS has a one year low of GBX 58.29 ($0.78) and a one year high of GBX 7,770 ($103.45).

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, and the Russian Federation. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and own-labeled products primarily through its Website, asos.com, as well as through social media platforms and magazines.

Analyst Recommendations for ASOS (LON:ASC)

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