ASOS plc Price Target Cut to GBX 4,250 by Analysts at JPMorgan Chase & Co. (ASC)
JPMorgan Chase & Co. dropped their price target on shares of ASOS plc (LON:ASC) from GBX 6,600 ($110.65) to GBX 4,250 ($71.25) in a research note issued on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 37.00% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “buy” rating on shares of ASOS plc in a research note on Friday. Separately, analysts at Deutsche Bank cut their price target on shares of ASOS plc from GBX 5,800 ($97.23) to GBX 3,600 ($60.35) in a research note on Friday. They now have a “buy” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 5,040.32 ($84.50).
ASOS plc (LON:ASC) traded up 7.22% during mid-day trading on Friday, hitting GBX 3345.20. The stock had a trading volume of 1,666,027 shares. ASOS plc has a 52-week low of GBX 2846.884 and a 52-week 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.
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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