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ASOS plc (LON:ASC) was upgraded by equities researchers at Nomura to a “buy” rating in a research report issued on Tuesday. The firm currently has a GBX 3,240 ($55.14) price objective on the stock, down from their previous price objective of GBX 6,000 ($102.11). Nomura’s price objective points to a potential upside of 10.93% from the stock’s previous close.

Shares of ASOS plc (LON:ASC) traded up 3.76% during mid-day trading on Tuesday, hitting GBX 2920.8921. The stock had a trading volume of 1,360,828 shares. ASOS plc has a one year low of GBX 2529.00 and a one year high of GBX 7194.9995. The stock has a 50-day moving average of GBX 3759.90 and a 200-day moving average of GBX 5363.91.

Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of ASOS plc in a research note on Monday. They now have a GBX 5,350 ($91.05) price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. ASOS plc has a consensus rating of “Buy” and an average target price of GBX 5,125.33 ($87.22).

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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