Deutsche Bank upgraded shares of ASOS (LON:ASC) to a buy rating in a report published on Tuesday. Deutsche Bank currently has GBX 7,400 ($98.94) price objective on the stock, up from their previous price objective of GBX 5,800 ($77.55).
Other equities analysts have also recently issued research reports about the stock. Shore Capital Group reaffirmed a buy rating on shares of ASOS in a research report on Thursday, November 2nd. Berenberg Bank reaffirmed a buy rating and issued a GBX 6,800 ($90.92) price target on shares of ASOS in a research report on Thursday, November 2nd. Macquarie reissued an outperform rating and set a GBX 7,000 ($93.60) target price on shares of ASOS in a research report on Thursday, October 19th. Credit Suisse Group raised shares of ASOS to a neutral rating and lifted their target price for the stock from GBX 5,300 ($70.87) to GBX 5,600 ($74.88) in a research report on Tuesday, September 19th. Finally, Barclays reissued an overweight rating on shares of ASOS in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 6,354.47 ($84.96).
ASOS (LON ASC) opened at GBX 6,814 ($91.11) on Tuesday. ASOS has a 1 year low of GBX 58.29 ($0.78) and a 1 year high of GBX 6,970 ($93.19). The firm has a market cap of $5,700.00 and a PE ratio of 8,965.79.
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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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