ASOS plc (LON:ASC) Given Average Recommendation of “Buy” by Analysts
Shares of ASOS plc (LON:ASC) have been assigned an average rating of “Buy” from the nineteen ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 6,192.35 ($80.86).
A number of analysts recently issued reports on ASC shares. Citigroup Inc. reissued a “buy” rating and set a GBX 7,000 ($91.41) price target on shares of ASOS plc in a report on Wednesday, May 10th. Berenberg Bank reissued a “buy” rating and set a GBX 6,500 ($84.88) price target on shares of ASOS plc in a report on Monday, May 15th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 6,000 ($78.35) price objective on shares of ASOS plc in a research report on Wednesday, May 17th. Shore Capital restated a “buy” rating on shares of ASOS plc in a research report on Tuesday, April 4th. Finally, HSBC Holdings plc upped their price objective on shares of ASOS plc from GBX 5,900 ($77.04) to GBX 6,250 ($81.61) and gave the stock a “hold” rating in a research report on Wednesday, May 17th.
ASOS plc (ASC) traded down 0.05% during trading on Friday, reaching GBX 5725.00. The company’s stock had a trading volume of 223,160 shares. The company has a 50-day moving average of GBX 5,913.98 and a 200 day moving average of GBX 5,703.01. ASOS plc has a one year low of GBX 4,069.00 and a one year high of GBX 6,497.00. The firm’s market cap is GBX 4.75 billion.
ASOS plc Company Profile
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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