ASOS plc Stock Rating Reaffirmed by JPMorgan Chase & Co. (ASC)
ASOS plc (LON:ASC)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday. They currently have a GBX 4,250 ($72.14) target price on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 47.93% from the company’s current price.
ASOS plc (LON:ASC) traded down 1.95% on Tuesday, hitting GBX 2873.011. 766,857 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 3949. and a 200-day moving average of GBX 5469.68.
A number of other firms have also recently commented on ASC. Analysts at Berenberg Bank cut their price target on shares of ASOS plc from GBX 5,350 ($90.82) to GBX 3,785 ($64.25) in a research note on Wednesday, June 11th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of ASOS plc to a “strong-buy” rating in a research note on Tuesday, June 10th. They now have a GBX 5,750 ($97.61) price target on the stock, down previously from GBX 6,250 ($106.09). Finally, analysts at Jefferies Group cut their price target on shares of ASOS plc from GBX 6,200 ($105.25) to GBX 5,700 ($96.76) in a research note on Monday, June 9th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 5,191.72 ($88.13).
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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