Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.