ASOS Plc Stock Rating Reaffirmed by Panmure Gordon (ASC)
ASOS Plc (LON:ASC)‘s stock had its “buy” rating restated by investment analysts at Panmure Gordon in a note issued to investors on Monday, Stock Ratings News reports. They currently have a GBX 5,950 ($96.22) target price on the stock. Panmure Gordon’s price objective suggests a potential upside of 8.77% from the stock’s previous close.
A number of other firms have also recently commented on ASC. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of ASOS Plc in a research note to investors on Monday, September 23rd. They now have a GBX 5,500 ($88.94) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of ASOS Plc from GBX 4,450 ($71.96) to GBX 4,800 ($77.62) in a research note to investors on Friday, September 20th. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity upgraded shares of ASOS Plc from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 19th. They now have a GBX 6,200 ($100.26) price target on the stock, up previously from GBX 3,400 ($54.98). One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 4,423.43 ($71.53).
ASOS Plc (LON:ASC) opened at 5385.00 on Monday. 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 5102.41 and a 200-day moving average of GBX 4306..
Asos Plc is that of a holding company. The principal activity of its subsidiary undertakings is that of Internet retailing.
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