Barclays Reiterates “Overweight” Rating for ASOS (ASC)

Barclays reaffirmed their overweight rating on shares of ASOS (LON:ASC) in a research note published on Friday morning.

ASC has been the subject of several other reports. Morgan Stanley lowered shares of ASOS to an underweight rating and decreased their price objective for the stock from GBX 5,170 ($70.11) to GBX 5,000 ($67.81) in a report on Friday, December 8th. Credit Suisse Group upped their price objective on shares of ASOS from GBX 5,600 ($75.94) to GBX 5,725 ($77.64) and gave the stock a neutral rating in a report on Monday, November 13th. Shore Capital restated a buy rating on shares of ASOS in a report on Wednesday, October 11th. Peel Hunt restated a buy rating and issued a GBX 7,000 ($94.93) price objective on shares of ASOS in a report on Wednesday, November 29th. Finally, Deutsche Bank reiterated a hold rating and issued a GBX 5,800 ($78.65) price target on shares of ASOS in a research note on Friday, December 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 6,591.13 ($89.38).

ASOS (LON ASC) opened at GBX 7,470 ($101.30) on Friday. ASOS has a 1-year low of GBX 58.29 ($0.79) and a 1-year high of GBX 7,470 ($101.30). The company has a market cap of $6,250.00 and a price-to-earnings ratio of 9,828.95.

In other ASOS news, insider Helen Jane Ashton sold 6,081 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of GBX 5,684 ($77.08), for a total transaction of £345,644.04 ($468,733.44).

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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.

Analyst Recommendations for ASOS (LON:ASC)

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