ASOS plc (ASC) Rating Reiterated by HSBC Holdings plc
ASOS plc (LON:ASC)‘s stock had its “hold” rating reaffirmed by stock analysts at HSBC Holdings plc in a research note issued to investors on Friday. They currently have a GBX 6,250 ($81.61) price target on the stock. HSBC Holdings plc’s price objective points to a potential upside of 9.17% from the company’s previous close.
A number of other brokerages have also commented on ASC. Liberum Capital reaffirmed a “buy” rating and issued a GBX 6,400 ($83.57) target price on shares of ASOS plc in a research report on Thursday, July 13th. Shore Capital reaffirmed a “buy” rating on shares of ASOS plc in a research report on Tuesday, April 4th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 6,000 ($78.35) target price on shares of ASOS plc in a research report on Wednesday, May 17th. Peel Hunt boosted their target price on ASOS plc from GBX 5,800 ($75.74) to GBX 7,000 ($91.41) and gave the company a “buy” rating in a research report on Wednesday, July 5th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 7,250 ($94.67) target price on shares of ASOS plc in a research report on Thursday, July 13th. 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 company. ASOS plc has an average rating of “Buy” and an average price target of GBX 6,192.35 ($80.86).
ASOS plc (ASC) traded down 0.05% on Friday, hitting GBX 5725.00. The stock had a trading volume of 223,160 shares. ASOS plc has a 52 week low of GBX 4,069.00 and a 52 week high of GBX 6,497.00. The company has a 50-day moving average price of GBX 5,908.87 and a 200-day moving average price of GBX 5,703.16. The stock’s market capitalization is GBX 4.75 billion.
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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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