ASOS (ASC) Given Overweight Rating at Barclays

Barclays reiterated their overweight rating on shares of ASOS (LON:ASC) in a research note released on Wednesday.

Other analysts have also issued research reports about the stock. UBS Group restated a buy rating on shares of ASOS in a research note on Tuesday, December 18th. Societe Generale decreased their price target on shares of ASOS from £100.41 ($131.20) to GBX 5,217 ($68.17) and set a buy rating for the company in a research note on Tuesday, December 18th. HSBC decreased their price target on shares of ASOS from GBX 7,800 ($101.92) to GBX 4,500 ($58.80) and set a buy rating for the company in a research note on Tuesday, December 18th. Jefferies Financial Group decreased their price target on shares of ASOS from GBX 9,000 ($117.60) to GBX 3,500 ($45.73) and set a buy rating for the company in a research note on Tuesday, December 18th. Finally, Numis Securities decreased their price target on shares of ASOS from GBX 7,000 ($91.47) to GBX 5,000 ($65.33) and set a buy rating for the company in a research note on Monday, December 17th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 4,915.95 ($64.24).

Shares of ASC stock opened at GBX 3,169 ($41.41) on Wednesday. The firm has a market cap of $2.66 billion and a price-to-earnings ratio of 32.34. ASOS has a 12 month low of GBX 2,114 ($27.62) and a 12 month high of GBX 7,654 ($100.01).

ASOS Company Profile

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.

Further Reading: What is the QQQ ETF?

Analyst Recommendations for ASOS (LON:ASC)

Receive News & Ratings for ASOS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASOS and related companies with MarketBeat.com's FREE daily email newsletter.