ASOS (ASC) Receives “Buy” Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of ASOS (LON:ASC) in a report released on Thursday morning. The brokerage currently has a GBX 7,000 ($93.60) price objective on the stock.

Several other research firms also recently commented on ASC. Deutsche Bank raised shares of ASOS to a buy rating and upped their price objective for the company from GBX 5,800 ($77.55) to GBX 7,400 ($98.94) in a report on Tuesday, January 2nd. Royal Bank of Canada increased their price target on shares of ASOS from GBX 6,900 ($92.26) to GBX 7,400 ($98.94) and gave the stock an outperform rating in a report on Thursday, December 21st. Berenberg Bank reissued a buy rating and issued a GBX 6,800 ($90.92) price target on shares of ASOS in a report on Monday, December 18th. Morgan Stanley downgraded shares of ASOS to an underweight rating and lowered their price target for the stock from GBX 5,170 ($69.13) to GBX 5,000 ($66.85) in a report on Friday, December 8th. Finally, Shore Capital reissued a buy rating on shares of ASOS in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 6,354.47 ($84.96).

Shares of ASOS (LON ASC) opened at GBX 6,835.35 ($91.39) on Thursday. The company has a market cap of $5,720.00 and a PE ratio of 8,993.88. ASOS has a fifty-two week low of GBX 58.29 ($0.78) and a fifty-two week high of GBX 6,970 ($93.19).

In related news, insider Helen Jane Ashton sold 6,081 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of GBX 5,684 ($76.00), for a total value of £345,644.04 ($462,152.75). Also, insider Nicholas Robertson sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of GBX 5,662 ($75.71), for a total transaction of £8,493,000 ($11,355,796.23).

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ASOS Company Profile

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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