Deutsche Bank Reaffirms “Buy” Rating for ASOS plc (ASC)
ASOS plc (LON:ASC)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Tuesday. They currently have a GBX 3,600 ($59.74) target price on the stock. Deutsche Bank’s price objective points to a potential upside of 28.97% from the company’s current price.
ASOS plc (LON:ASC) traded up 4.74% during mid-day trading on Tuesday, hitting GBX 2791.29. The stock had a trading volume of 1,036,664 shares. ASOS plc has a 52-week low of GBX 2145.00 and a 52-week high of GBX 7194.9995. The stock’s 50-day moving average is GBX 2593. and its 200-day moving average is GBX 4091..
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of ASOS plc in a research note on Tuesday, August 12th. They now have a GBX 3,400 ($56.42) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of ASOS plc in a research note on Monday, August 11th. They now have a GBX 5,000 ($82.97) price target on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of ASOS plc in a research note on Monday, August 4th. They now have a GBX 1,440 ($23.90) price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 4,715.58 ($78.25).
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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