ASOS plc (ASC) Given Average Recommendation of “Buy” by Brokerages
Shares of ASOS plc (LON:ASC) have earned an average rating of “Buy” from the nineteen research firms that are currently covering the company, Marketbeat.com reports. One investment 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. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 6,192.35 ($80.39).
Several brokerages have recently issued reports on ASC. Barclays PLC reaffirmed an “overweight” rating and set a GBX 6,670 ($86.59) price target on shares of ASOS plc in a research note on Friday, July 14th. Liberum Capital upped their price target on ASOS plc from GBX 5,900 ($76.59) to GBX 6,400 ($83.08) and gave the company a “buy” rating in a research note on Wednesday, April 19th. J P Morgan Chase & Co upped their price target on ASOS plc from GBX 5,400 ($70.10) to GBX 6,000 ($77.89) and gave the company an “overweight” rating in a research note on Wednesday, April 19th. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 6,250 ($81.14) price target on shares of ASOS plc in a research note on Friday, June 30th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 7,250 ($94.12) price target on shares of ASOS plc in a research note on Thursday, July 13th.
ASOS plc (LON ASC) traded up 1.01% on Tuesday, reaching GBX 5917.00. The company had a trading volume of 74,537 shares. ASOS plc has a 12 month low of GBX 4,069.00 and a 12 month high of GBX 6,497.00. The company’s market capitalization is GBX 4.91 billion. The company’s 50 day moving average price is GBX 5,790.42 and its 200-day moving average price is GBX 5,780.22.
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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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