ASOS Plc PT Raised to GBX 5,950 (ASC)
Stock analysts at Panmure Gordon boosted their target price on shares of ASOS Plc (LON:ASC) from GBX 4,555 ($71.22) to GBX 5,950 ($93.03) in a report issued on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Panmure Gordon’s price target indicates a potential upside of 14.60% from the stock’s previous close.
Shares of ASOS Plc (LON:ASC) opened at 5239.00 on Friday. The stock’s 50-day moving average is GBX 4871.75 and its 200-day moving average is GBX 3943.60.
A number of other firms have also recently commented on ASC. Analysts at Barclays Capital raised their price target on shares of ASOS Plc (LON:ASC) from GBX 4,500 ($70.36) to GBX 5,600 ($87.55) in a research note to investors on Wednesday, September 4th. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of ASOS Plc (LON:ASC) from GBX 4,800 ($75.05) to GBX 5,800 ($90.68) in a research note to investors on Wednesday, September 4th. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of ASOS Plc (LON:ASC) in a research note to investors on Tuesday, September 3rd. They now have a GBX 3,600 ($56.29) price target on the stock.
One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 4,070.70 ($63.64).
Asos Plc is that of a holding company. The principal activity of its subsidiary undertakings is that of Internet retailing.
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