ASOS plc Stock Rating Reaffirmed by Berenberg Bank (ASC)
ASOS plc (LON:ASC)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a report released on Monday. They currently have a GBX 5,350 ($91.05) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 94.25% from the company’s current price.
ASC has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ASOS plc in a research note on Monday. They now have a GBX 6,000 ($102.11) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of ASOS plc in a research note on Tuesday, June 17th. They now have a GBX 4,250 ($72.33) price target on the stock. Finally, 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 ($97.86) price target on the stock, down previously from GBX 6,250 ($106.36). One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 5,278.67 ($89.83).
ASOS plc (LON:ASC) traded up 1.40% during mid-day trading on Monday, hitting GBX 2790.3999. 795,450 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’s 50-day moving average is GBX 3835.12 and its 200-day moving average is GBX 5411.06.
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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