ASOS plc Given New GBX 3,600 Price Target at Deutsche Bank (ASC)
Investment analysts at Deutsche Bank lowered their target price on shares of ASOS plc (LON:ASC) from GBX 5,800 ($97.23) to GBX 3,600 ($60.35) in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 16.05% from the company’s current price.
Shares of ASOS plc (LON:ASC) traded up 7.26% on Friday, hitting GBX 3346.5034. 1,950,483 shares of the company’s stock traded hands. ASOS plc has a 1-year low of GBX 2846.884 and a 1-year high of GBX 7194.9995. The stock has a 50-day moving average of GBX 4269.56 and a 200-day moving average of GBX 5621.10.
A number of other analysts have also recently weighed in on ASC. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ASOS plc in a research note on Thursday. They now have a GBX 6,000 ($100.59) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of ASOS plc in a research note on Wednesday. They now have a GBX 5,000 ($83.82) price target on the stock, down previously from GBX 8,000 ($134.12). Finally, 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 5,040.32 ($84.50).
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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