ASOS’s (ASC) Buy Rating Reiterated at Shore Capital

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Shore Capital reiterated their buy rating on shares of ASOS (LON:ASC) in a research note published on Wednesday morning.

A number of other equities research analysts also recently issued reports on ASC. JPMorgan Chase & Co. restated an overweight rating and set a GBX 7,500 ($98.00) price objective on shares of ASOS in a research report on Wednesday, June 27th. Peel Hunt reaffirmed a buy rating on shares of ASOS in a research note on Wednesday. Numis Securities reaffirmed a buy rating and set a GBX 8,500 ($111.07) target price on shares of ASOS in a research note on Monday, June 25th. Citigroup cut their target price on ASOS from GBX 7,750 ($101.27) to GBX 7,000 ($91.47) and set a neutral rating on the stock in a research note on Thursday, June 28th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 5,000 ($65.33) target price on shares of ASOS in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. ASOS currently has a consensus rating of Buy and an average target price of GBX 7,203.06 ($94.12).

Shares of ASC stock opened at GBX 5,736 ($74.95) on Wednesday. ASOS has a 1 year low of GBX 58.29 ($0.76) and a 1 year high of GBX 7,770 ($101.53).

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.

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Analyst Recommendations for ASOS (LON:ASC)

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