ASOS (ASC) Receives “Buy” Rating from Shore Capital
ASC has been the topic of several other reports. Peel Hunt restated a buy rating on shares of ASOS in a report on Wednesday, October 3rd. HSBC reiterated a buy rating on shares of ASOS in a report on Friday, October 19th. Numis Securities reiterated a buy rating and issued a GBX 8,500 ($111.07) price objective on shares of ASOS in a report on Wednesday, October 17th. Liberum Capital reiterated a buy rating and issued a GBX 5,000 ($65.33) price objective on shares of ASOS in a report on Wednesday, October 17th. Finally, Credit Suisse Group cut ASOS to an underperform rating and upped their price objective for the company from GBX 5,725 ($74.81) to GBX 5,750 ($75.13) in a report on Wednesday, September 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. ASOS currently has a consensus rating of Buy and a consensus price target of GBX 7,217.76 ($94.31).
Shares of ASOS stock opened at GBX 4,588 ($59.95) on Tuesday. ASOS has a 1-year low of GBX 58.29 ($0.76) and a 1-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, 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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