Bank of America Corp. Reiterates Buy Rating for ASOS Plc (ASC)
ASOS Plc (LON:ASC)‘s stock had its “buy” rating reaffirmed by research analysts at Bank of America Corp. in a report released on Monday, Stock Ratings Network reports. They currently have a GBX 5,500 ($88.10) target price on the stock. Bank of America Corp.’s price target would suggest a potential upside of 1.42% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of ASOS Plc (LON:ASC) from GBX 4,450 ($71.28) to GBX 4,800 ($76.89) in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Canaccord Genuity upgraded shares of ASOS Plc (LON:ASC) from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a GBX 6,200 ($99.31) price target on the stock, up previously from GBX 3,400 ($54.46). Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ASOS Plc (LON:ASC) in a research note to investors on Thursday. They now have a GBX 6,000 ($96.11) price target on the stock.
One equities 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 issued a strong buy rating to the company’s stock. ASOS Plc currently has a consensus rating of “Buy” and an average price target of GBX 4,423.43 ($70.85).
ASOS Plc (LON:ASC) traded down 4.88% on Monday, hitting GBX 5422.8096. The stock had a trading volume of 583,984 shares. ASOS Plc has a 52-week low of GBX 2098.47 and a 52-week high of GBX 5774.00. The stock has a 50-day moving average of GBX 4967.08 and a 200-day moving average of GBX 4037.63.
Asos Plc is that of a holding company. The principal activity of its subsidiary undertakings is that of Internet retailing.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.