Royal Bank of Canada Reiterates Outperform Rating for ASOS (ASC)

ASOS (LON:ASC)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday. They currently have a GBX 7,400 ($100.35) price objective on the stock. Royal Bank of Canada’s price target indicates a potential upside of 7.84% from the company’s previous close.

Several other equities research analysts also recently issued reports on ASC. Peel Hunt reissued a “buy” rating and issued a GBX 7,000 ($94.93) price objective on shares of ASOS in a research note on Friday, September 15th. Credit Suisse Group raised ASOS to a “neutral” rating and increased their price objective for the stock from GBX 5,300 ($71.87) to GBX 5,600 ($75.94) in a research note on Tuesday, September 19th. Deutsche Bank reissued a “hold” rating and issued a GBX 6,000 ($81.37) price objective on shares of ASOS in a research note on Monday, October 2nd. Shore Capital reissued a “buy” rating on shares of ASOS in a research note on Wednesday, October 11th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 6,400 ($86.79) price objective on shares of ASOS in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 6,354.47 ($86.17).

Shares of ASOS (ASC) opened at GBX 6,862 ($93.06) on Monday. The stock has a market capitalization of $5,730.00 and a PE ratio of 9,028.95. ASOS has a one year low of GBX 58.29 ($0.79) and a one year high of GBX 6,970 ($94.52).

In other ASOS news, insider Helen Jane Ashton sold 6,081 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($77.08), for a total value of £345,644.04 ($468,733.44). Also, insider Nicholas Robertson sold 150,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of GBX 5,662 ($76.78), for a total value of £8,493,000 ($11,517,493.90).

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About ASOS

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.

Analyst Recommendations for ASOS (LON:ASC)

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