ASOS Plc Price Target Increased to GBX 6,000 by Analysts at Nomura (ASC)
Stock analysts at Nomura hoisted their price target on shares of ASOS Plc (LON:ASC) from GBX 3,400 ($56.03) to GBX 6,000 ($98.88) in a report issued on Wednesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Nomura’s price objective suggests a potential downside of 9.98% from the stock’s previous close.
A number of other firms have also recently commented on ASC. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ASOS Plc in a research note to investors on Tuesday. They now have a GBX 7,500 ($123.60) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe raised their price target on shares of ASOS Plc from GBX 4,700 ($77.46) to GBX 7,200 ($118.66) in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of ASOS Plc in a research note to investors on Tuesday. They set a “buy” rating and a GBX 6,200 ($102.18) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 5,433.17 ($89.54).
ASOS Plc (LON:ASC) traded up 0.23% during mid-day trading on Wednesday, hitting GBX 6665.3486. 551,574 shares of the company’s stock traded hands. ASOS Plc has a 52 week low of GBX 2476.00 and a 52 week high of GBX 7100.00. The stock has a 50-day moving average of GBX 6197.24 and a 200-day moving average of GBX 5348..
Asos Plc is that of a holding company. The principal activity of its subsidiary undertakings is that of Internet retailing.
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