Jefferies Financial Group Reiterates “Buy” Rating for ASOS (ASC)
ASOS (LON:ASC)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently commented on the stock. Peel Hunt restated a “buy” rating on shares of ASOS in a research note on Monday. Shore Capital reaffirmed a “hold” rating on shares of ASOS in a report on Wednesday, April 3rd. Barclays reaffirmed an “overweight” rating on shares of ASOS in a report on Thursday, March 28th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 3,500 ($45.73) target price on shares of ASOS in a report on Friday, March 22nd. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of ASOS in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 4,601 ($60.12).
Shares of ASC stock opened at GBX 3,446.65 ($45.04) on Tuesday. The company has a market cap of $2.85 billion and a P/E ratio of 35.17. ASOS has a 12 month low of GBX 2,114 ($27.62) and a 12 month high of GBX 7,138 ($93.27).
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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