ASOS Plc Receives Buy Rating from Jefferies Group (ASC)
ASOS Plc (LON:ASC)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report released on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 6,200 ($100.26) price objective on the stock. Jefferies Group’s price objective would indicate a potential upside of 18.20% from the company’s current price.
ASOS Plc (LON:ASC) traded up 2.75% during mid-day trading on Wednesday, hitting GBX 5245.3301. 944,707 shares of the company’s stock traded hands. ASOS Plc has a 52-week low of GBX 2098.47 and a 52-week high of GBX 5774.00. The stock’s 50-day moving average is GBX 5102.41 and its 200-day moving average is GBX 4306..
ASC has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of ASOS Plc in a research note to investors on Monday, October 21st. They now have a GBX 5,950 ($96.22) price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 4,523.43 ($73.15).
Asos Plc is that of a holding company. The principal activity of its subsidiary undertakings is that of Internet retailing.
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