Share on StockTwits

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.

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.