ASOS (ASC) Lifted to Buy at Jefferies Group
Jefferies Group upgraded shares of ASOS (LON:ASC) to a buy rating in a report issued on Tuesday morning. They currently have GBX 9,000 ($124.34) price objective on the stock, up from their prior price objective of GBX 5,000 ($69.08).
Several other research firms have also issued reports on ASC. Peel Hunt reaffirmed a buy rating and issued a GBX 7,000 ($96.71) price target on shares of ASOS in a report on Wednesday, November 29th. Berenberg Bank lifted their price target on shares of ASOS from GBX 6,800 ($93.95) to GBX 8,300 ($114.67) and gave the stock a buy rating in a report on Thursday, February 22nd. Goldman Sachs Group lifted their price target on shares of ASOS from GBX 6,100 ($84.28) to GBX 7,300 ($100.86) and gave the stock a neutral rating in a report on Tuesday, January 30th. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 8,100 ($111.91) price target on shares of ASOS in a report on Wednesday, February 21st. Finally, Liberum Capital reaffirmed a buy rating and issued a GBX 8,000 ($110.53) price target on shares of ASOS in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. ASOS currently has a consensus rating of Buy and an average price target of GBX 7,004.19 ($96.77).
ASOS (LON ASC) opened at GBX 7,080 ($97.82) on Tuesday. ASOS has a 1-year low of GBX 58.29 ($0.81) and a 1-year high of GBX 7,670 ($105.97). The stock has a market cap of $5,920.00 and a price-to-earnings ratio of 9,315.79.
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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