ASOS’s (ASC) “Overweight” Rating Reiterated at Barclays

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

Several other analysts also recently weighed in on ASC. Shore Capital reiterated a hold rating on shares of ASOS in a research report on Tuesday. Numis Securities reiterated a buy rating and set a GBX 5,000 ($65.33) target price on shares of ASOS in a research report on Tuesday. Liberum Capital reiterated a hold rating on shares of ASOS in a research report on Tuesday. Jefferies Financial Group decreased their target price on ASOS from GBX 9,000 ($117.60) to GBX 3,500 ($45.73) and set a buy rating for the company in a research report on Tuesday, December 18th. Finally, Peel Hunt restated a buy rating on shares of ASOS in a report on Monday, March 18th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 4,915.95 ($64.24).

LON:ASC opened at GBX 3,140 ($41.03) on Wednesday. ASOS has a twelve month low of GBX 2,114 ($27.62) and a twelve month high of GBX 7,654 ($100.01). The firm has a market cap of $2.72 billion and a PE ratio of 32.04.

About ASOS

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.

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Analyst Recommendations for ASOS (LON:ASC)

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