ASOS’s (ASC) Outperform Rating Reiterated at Royal Bank of Canada
Royal Bank of Canada reiterated their outperform rating on shares of ASOS (LON:ASC) in a research report sent to investors on Monday. Royal Bank of Canada currently has a GBX 7,400 ($100.35) price objective on the stock.
ASC has been the subject of several other research reports. Morgan Stanley cut shares of ASOS to an underweight rating and reduced their target price for the company from GBX 5,170 ($70.11) to GBX 5,000 ($67.81) in a research note on Friday, December 8th. Peel Hunt reiterated a buy rating and issued a GBX 7,000 ($94.93) target price on shares of ASOS in a research note on Friday, September 15th. Shore Capital reiterated a buy rating on shares of ASOS in a research note on Wednesday, October 11th. Credit Suisse Group increased their target price on shares of ASOS from GBX 5,600 ($75.94) to GBX 5,725 ($77.64) and gave the company a neutral rating in a research note on Monday, November 13th. Finally, Deutsche Bank reiterated a hold rating and issued a GBX 5,800 ($78.65) target price on shares of ASOS in a research note on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 6,354.47 ($86.17).
Shares of ASOS (LON ASC) opened at GBX 6,874 ($93.22) on Monday. ASOS has a one year low of GBX 58.29 ($0.79) and a one year high of GBX 6,970 ($94.52). The firm has a market cap of $5,750.00 and a PE ratio of 9,044.74.
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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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