ASOS plc Given New GBX 5,700 Price Target at Jefferies Group (ASC)
Equities researchers at Jefferies Group cut their target price on shares of ASOS plc (LON:ASC) from GBX 6,200 ($104.24) to GBX 5,700 ($95.83) in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 70.10% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Northland Capital Partners reiterated a “hold” rating on shares of ASOS plc in a research note on Friday. They now have a GBX 3,000 ($50.44) price target on the stock. Separately, analysts at Societe Generale cut their price target on shares of ASOS plc from GBX 5,455 ($91.71) to GBX 4,855 ($81.62) in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of ASOS plc from GBX 7,000 ($117.69) to GBX 3,700 ($62.21) in a research note on Friday. They now have a “buy” rating on the stock. Two equities research 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 company presently has an average rating of “Hold” and a consensus target price of GBX 5,014 ($84.30).
Shares of ASOS plc (LON:ASC) traded down 5.15% during mid-day trading on Monday, hitting GBX 3177.5999. 2,083,822 shares of the company’s stock traded hands. ASOS plc has a 52-week low of GBX 2529.00 and a 52-week high of GBX 7194.9995. The stock has a 50-day moving average of GBX 4237.64 and a 200-day moving average of GBX 5605.45.
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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