ASOS plc PT Lowered to GBX 4,855 (ASC)
Equities researchers at Societe Generale dropped their price objective on shares of ASOS plc (LON:ASC) from GBX 5,455 ($91.45) to GBX 4,855 ($81.39) in a research report issued on Friday. The firm currently has a “hold” rating on the stock. Societe Generale’s target price would indicate a potential upside of 56.51% from the stock’s previous close.
A number of other analysts have also recently weighed in on ASC. Analysts at Citigroup Inc. cut their price target on shares of ASOS plc from GBX 7,000 ($117.35) to GBX 3,700 ($62.03) in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of ASOS plc from GBX 6,600 ($110.65) to GBX 4,250 ($71.25) in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of ASOS plc in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. ASOS plc currently has an average rating of “Hold” and an average price target of GBX 5,040.32 ($84.50).
ASOS plc (LON:ASC) traded up 7.37% during mid-day trading on Friday, hitting GBX 3350.0034. 1,387,452 shares of the company’s stock traded hands. 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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