ASOS plc (ASC) Price Target Raised to GBX 5,290
ASOS plc (LON:ASC) had its price target upped by investment analysts at HSBC from GBX 4,950 ($60.33) to GBX 5,290 ($64.47) in a report issued on Tuesday. The brokerage presently has a ” hold” rating on the stock. HSBC’s price target indicates a potential upside of 8.83% from the company’s current price.
ASC has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price target on ASOS plc from GBX 4,550 ($55.45) to GBX 5,400 ($65.81) and gave the company an “overweight” rating in a research note on Friday, September 16th. Macquarie assumed coverage on ASOS plc in a research note on Tuesday, September 20th. They issued an “outperform” rating and a GBX 5,700 ($69.47) price target for the company. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 5,100 ($62.16) price target on shares of ASOS plc in a research note on Friday, August 19th. Liberum Capital increased their price target on ASOS plc from GBX 3,700 ($45.09) to GBX 4,800 ($58.50) and gave the company a “buy” rating in a research note on Tuesday, July 5th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a GBX 4,400 ($53.63) price target on shares of ASOS plc in a research note on Wednesday, July 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. ASOS plc currently has an average rating of “Hold” and an average target price of GBX 4,705.79 ($57.35).
Shares of ASOS plc (LON:ASC) traded up 6.18% on Tuesday, hitting GBX 5161.25. 654,797 shares of the stock traded hands. The firm has a 50 day moving average price of GBX 4,819.47 and a 200 day moving average price of GBX 4,177.60. The firm’s market cap is GBX 4.28 billion. ASOS plc has a 52-week low of GBX 2,557.00 and a 52-week high of GBX 5,474.00.
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ASOS plc Company Profile
ASOS Plc is a United Kingdom-based global online fashion destination .The Company sell cutting-edge fast fashion and offers a variety offashion-related content, making ASOS.com the hub of a thriving fashion community. It sell 75,000 branded and own-brand products through localized mobile and web experiences, delivering from United Kingdom(UK) hub to almost every country in the world.
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