ASOS's (ASC) Add Rating Reaffirmed at Peel Hunt

Key Points

• Peel Hunt has reaffirmed its "add" rating on ASOS's stock with a price target of GBX 375, indicating a potential upside of 40.71%.
• ASOS's stock is currently trading at GBX 266.50, reflecting a significant decline of 9.0% recently.
• Three analysts have rated the stock as a "Buy," supporting a consensus target price of GBX 487.50.

ASOS (LON:ASC - Get Free Report)'s stock had its "add" rating reiterated by research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday,Digital Look reports. They presently have a GBX 375 price objective on the stock. Peel Hunt's price objective suggests a potential upside of 40.71% from the company's current price.

Several other brokerages have also issued reports on ASC. Shore Capital reaffirmed a "buy" rating on shares of ASOS in a research note on Monday, August 18th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 600 target price on shares of ASOS in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 487.50.

ASOS Trading Down 9.0%

ASC opened at GBX 266.50 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The stock has a market capitalization of £317.63 million, a PE ratio of -107.94, a PEG ratio of -1.26 and a beta of 2.86. ASOS has a 1-year low of GBX 223.20 and a 1-year high of GBX 454.20. The firm has a 50-day moving average price of GBX 302.25 and a two-hundred day moving average price of GBX 301.07.

ASOS Company Profile

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.

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