Barclays Reaffirms Overweight Rating for ASOS (ASC)

Barclays reissued their overweight rating on shares of ASOS (LON:ASC) in a report issued on Thursday morning.

A number of other research analysts also recently weighed in on ASC. Shore Capital reissued a buy rating on shares of ASOS in a report on Thursday, September 27th. Peel Hunt reissued a buy rating on shares of ASOS in a report on Wednesday, October 3rd. UBS Group reissued a buy rating and issued a GBX 7,500 ($98.00) target price on shares of ASOS in a report on Thursday, July 12th. Royal Bank of Canada lowered their target price on ASOS from GBX 7,800 ($101.92) to GBX 7,700 ($100.61) and set a top pick rating on the stock in a report on Monday, July 9th. Finally, Numis Securities reissued a buy rating and issued a GBX 8,500 ($111.07) target price on shares of ASOS in a report on Monday, June 25th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 7,203.06 ($94.12).

Shares of LON:ASC traded down GBX 314 ($4.10) during midday trading on Thursday, reaching GBX 5,736 ($74.95). 847,840 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 ($0.76) and a one year 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.

See Also: How dollar cost averaging works

Analyst Recommendations for ASOS (LON:ASC)

Receive News & Ratings for ASOS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASOS and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply