Peel Hunt Reaffirms “Buy” Rating for ASOS plc (LON:ASC)

ASOS plc (LON:ASC)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a research note issued on Thursday, July 13th. They presently have a GBX 7,000 ($91.16) price objective on the stock. Peel Hunt’s price target points to a potential upside of 20.98% from the stock’s previous close.

A number of other equities analysts also recently commented on ASC. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 5,800 ($75.53) target price on shares of ASOS plc in a research note on Monday, March 20th. Liberum Capital reissued a “buy” rating and issued a GBX 5,900 ($76.83) target price on shares of ASOS plc in a research note on Tuesday, April 4th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 7,250 ($94.41) target price on shares of ASOS plc in a research note on Tuesday, April 4th. Shore Capital reaffirmed a “buy” rating on shares of ASOS plc in a report on Tuesday, April 4th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of ASOS plc in a report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 6,192.35 ($80.64).

ASOS plc (LON:ASC) traded down 2.92% during trading on Thursday, hitting GBX 5786.00. 231,682 shares of the company’s stock traded hands. The stock’s market cap is GBX 4.80 billion. ASOS plc has a 12-month low of GBX 4,069.00 and a 12-month high of GBX 6,497.00. The firm’s 50-day moving average price is GBX 5,790.09 and its 200 day moving average price is GBX 5,766.52.

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About ASOS plc

Asos PLC is a global fashion destination for a range of things. The Company sells and offers a range of fashion-related content on ASOS.com. The Company’s segments include UK, US, EU and RoW. It sells over 85,000 branded and own-label products through localized mobile and Web experiences, delivering from its fulfilment centers in the United Kingdom, the United States, Europe and across the world.

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