ASOS plc’s (ASC) “Overweight” Rating Reiterated at JPMorgan Chase & Co.
ASOS plc (LON:ASC)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a GBX 6,000 ($77.45) price objective on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 2.14% from the company’s current price.
A number of other research analysts also recently issued reports on the stock. Berenberg Bank restated a “buy” rating and set a GBX 6,500 ($83.90) target price on shares of ASOS plc in a research report on Monday. Citigroup Inc restated a “buy” rating and set a GBX 7,000 ($90.36) target price on shares of ASOS plc in a research report on Wednesday, May 10th. HSBC Holdings plc restated a “hold” rating and set a GBX 5,900 ($76.16) target price on shares of ASOS plc in a research report on Monday, April 24th. Liberum Capital boosted their target price on shares of ASOS plc from GBX 5,900 ($76.16) to GBX 6,400 ($82.61) and gave the company a “buy” rating in a research report on Wednesday, April 19th. Finally, Credit Suisse Group AG downgraded shares of ASOS plc to an “underperform” rating and boosted their target price for the company from GBX 5,100 ($65.83) to GBX 5,300 ($68.41) in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. ASOS plc currently has an average rating of “Buy” and an average price target of GBX 5,862.94 ($75.68).
ASOS plc (LON:ASC) traded up 0.41% during midday trading on Wednesday, hitting GBX 6131.00. The stock had a trading volume of 375,806 shares. ASOS plc has a 52-week low of GBX 3,303.00 and a 52-week high of GBX 6,197.00. The firm’s market capitalization is GBX 5.09 billion. The firm has a 50-day moving average of GBX 5,844.83 and a 200 day moving average of GBX 5,373.04.
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About ASOS plc
Asos PLC is a global fashion destination for a range of things. The Company sells and offers a range of fashion-related content on ASOS.com. The Company’s segments include UK, US, EU and RoW. It sells over 85,000 branded and own-label products through localized mobile and Web experiences, delivering from its fulfilment centers in the United Kingdom, the United States, Europe and across the world.
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