ASOS (ASC) Stock Rating Reaffirmed by Shore Capital

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ASOS (LON:ASC)‘s stock had its “hold” rating reiterated by research analysts at Shore Capital in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports.

ASC has been the subject of several other research reports. Citigroup increased their price objective on ASOS from GBX 4,000 ($52.27) to GBX 5,200 ($67.95) and gave the company a “buy” rating in a report on Wednesday, February 27th. Royal Bank of Canada lowered ASOS to an “outperform” rating and decreased their price objective for the company from GBX 7,700 ($100.61) to GBX 3,200 ($41.81) in a report on Wednesday, December 19th. Morgan Stanley decreased their price objective on ASOS from GBX 5,000 ($65.33) to GBX 3,200 ($41.81) and set an “underweight” rating for the company in a report on Tuesday, December 11th. UBS Group decreased their price objective on ASOS from GBX 7,500 ($98.00) to GBX 3,500 ($45.73) and set a “buy” rating for the company in a report on Tuesday, January 22nd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 3,500 ($45.73) price objective on shares of ASOS in a report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 4,915.95 ($64.24).

Shares of ASC opened at GBX 3,134 ($40.95) on Wednesday. ASOS has a 12 month low of GBX 2,114 ($27.62) and a 12 month high of GBX 7,138 ($93.27). The firm has a market cap of $2.63 billion and a PE ratio of 31.98.

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, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand 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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