ASOS plc’s (ASC) Overweight Rating Reaffirmed at Barclays PLC
ASOS plc (LON:ASC)‘s stock had its “overweight” rating reiterated by research analysts at Barclays PLC in a note issued to investors on Friday. They currently have a GBX 6,670 ($86.40) target price on the stock. Barclays PLC’s price objective would indicate a potential upside of 18.28% from the company’s current price.
A number of other brokerages have also recently commented on ASC. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 5,800 ($75.13) price target on shares of ASOS plc in a research note on Monday, March 20th. HSBC Holdings plc restated a “hold” rating and set a GBX 6,250 ($80.96) price target on shares of ASOS plc in a research note on Wednesday, June 7th. Liberum Capital restated a “buy” rating and set a GBX 6,400 ($82.90) price target on shares of ASOS plc in a research note on Thursday. Shore Capital restated a “buy” rating on shares of ASOS plc in a research note on Tuesday, April 4th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 6,000 ($77.72) price target on shares of ASOS plc in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 6,192.35 ($80.21).
ASOS plc (LON ASC) traded down 2.08% during trading on Friday, hitting GBX 5639.00. The stock had a trading volume of 323,893 shares. The company’s market cap is GBX 4.68 billion. ASOS plc has a 52 week low of GBX 3,559.21 and a 52 week high of GBX 6,497.00. The stock has a 50-day moving average price of GBX 6,125.25 and a 200-day moving average price of GBX 5,615.54.
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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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