BNP Paribas Downgrades ASOS Plc to Neutral (ASC)
ASOS Plc (LON:ASC) was downgraded by investment analysts at BNP Paribas to a “neutral” rating in a note issued to investors on Thursday, Stock Ratings Network.com reports. They currently have a GBX 7,500 ($123.11) price target on the stock. BNP Paribas’ price objective would indicate a potential upside of 17.78% from the company’s current price.
A number of other firms have also recently commented on ASC. Analysts at Citigroup Inc. raised their price target on shares of ASOS Plc from GBX 7,000 ($114.90) to GBX 8,000 ($131.32) in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of ASOS Plc in a research note to investors on Wednesday, January 15th. They now have a GBX 6,200 ($101.77) price target on the stock. Finally, analysts at Nomura raised their price target on shares of ASOS Plc from GBX 3,400 ($55.81) to GBX 6,000 ($98.49) in a research note to investors on Wednesday, January 15th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 5,411.95 ($88.84).
ASOS Plc (LON:ASC) traded down 8.48% on Thursday, hitting GBX 6246.3774. 964,227 shares of the company’s stock traded hands. ASOS Plc has a one year low of GBX 2511.00 and a one year high of GBX 7100.00. The stock has a 50-day moving average of GBX 6354.22 and a 200-day moving average of GBX 5446.66.
Asos Plc is that of a holding company. The principal activity of its subsidiary undertakings is that of Internet retailing.
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