ASOS plc Given “Overweight” Rating at Barclays (ASC)
Shares of ASOS plc (LON:ASC) opened at 4555.00 on Wednesday. ASOS plc has a 52 week low of GBX 2846.884 and a 52 week high of GBX 7194.9995. The stock’s 50-day moving average is GBX 4297.72 and its 200-day moving average is GBX 5647.08.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of ASOS plc in a research note on Tuesday. They now have a GBX 5,350 ($89.69) price target on the stock. Separately, analysts at N+1 Singer cut their price target on shares of ASOS plc from GBX 5,300 ($88.85) to GBX 4,100 ($68.73) in a research note on Friday, May 30th. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of ASOS plc to a “buy” rating in a research note on Thursday, May 22nd. They now have a GBX 6,250 ($104.78) price target on the stock, down previously from GBX 7,300 ($122.38). Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 5,775.89 ($96.83).
ASOS Plc is a holding company. The principal activity of its subsidiary is Internet retailing. The Company’s geographical business segments include United Kingdom, United States, European Union and Rest of World.
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