Nplus1 Brewin Reiterates “Hold” Rating for ASOS Plc (ASC)
ASOS Plc (LON:ASC)‘s stock had its “hold” rating reaffirmed by Nplus1 Brewin in a research note issued on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 4,500 ($71.45) target price on the stock. Nplus1 Brewin’s price target points to a potential downside of 6.89% from the stock’s previous close.
ASOS Plc (LON:ASC) opened at 5306.00 on Thursday. ASOS Plc has a 52-week low of GBX 2098.47 and a 52-week high of GBX 5395.00. The stock’s 50-day moving average is GBX 4921.10 and its 200-day moving average is GBX 4016..
A number of other analysts have also recently weighed in on ASC. Analysts at N+1 Singer reiterated a “hold” rating on shares of ASOS Plc (LON:ASC) in a research note to investors on Thursday. They now have a GBX 4,500 ($71.45) price target on the stock. Separately, analysts at Panmure Gordon raised their price target on shares of ASOS Plc (LON:ASC) from GBX 4,555 ($72.32) to GBX 5,950 ($94.47) in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of ASOS Plc (LON:ASC) from GBX 4,500 ($71.45) to GBX 5,600 ($88.92) in a research note to investors on Wednesday, September 4th. They now have an “overweight” rating on the stock.
One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. ASOS Plc has a consensus rating of “Buy” and a consensus price target of GBX 4,362.07 ($69.26).
Asos Plc is that of a holding company. The principal activity of its subsidiary undertakings is that of Internet retailing.
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