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

Peel Hunt restated their buy rating on shares of ASOS (LON:ASC) in a research report released on Wednesday.

A number of other analysts have also recently issued reports on the company. Credit Suisse Group cut ASOS to an underperform rating and increased their price objective for the stock from GBX 5,725 ($74.81) to GBX 5,750 ($75.13) in a report on Wednesday, September 5th. Royal Bank of Canada raised ASOS to a top pick rating in a report on Tuesday, October 2nd. Shore Capital reaffirmed a buy rating on shares of ASOS in a report on Thursday, September 27th. Citigroup raised ASOS to a buy rating and set a GBX 7,000 ($91.47) price target on the stock in a report on Monday, July 16th. Finally, Berenberg Bank reaffirmed a buy rating and issued a GBX 8,300 ($108.45) price target on shares of ASOS in a report on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ASOS presently has a consensus rating of Buy and an average target price of GBX 7,203.06 ($94.12).

Shares of ASC opened at GBX 5,736 ($74.95) on Wednesday. ASOS has a 52-week low of GBX 58.29 ($0.76) and a 52-week high of GBX 7,770 ($101.53).

ASOS Company Profile

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.

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Analyst Recommendations for ASOS (LON:ASC)

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