Deutsche Bank AG Reiterates Hold Rating for ASOS plc (ASC)
ASOS plc (LON:ASC)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday. They presently have a GBX 6,000 ($77.49) target price on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 7.05% from the company’s current price.
ASC has been the topic of several other research reports. Barclays PLC reaffirmed an “overweight” rating and set a GBX 6,670 ($86.14) target price on shares of ASOS plc in a research note on Tuesday, August 1st. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 6,000 ($77.49) target price on shares of ASOS plc in a research note on Wednesday, May 17th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 5,300 ($68.45) target price on shares of ASOS plc in a research note on Friday, September 1st. Peel Hunt reaffirmed a “buy” rating on shares of ASOS plc in a research note on Friday, June 9th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 7,250 ($93.63) target price on shares of ASOS plc in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 6,192.35 ($79.97).
ASOS plc (ASC) traded down 0.66% during trading on Friday, reaching GBX 5605.00. 187,545 shares of the company’s stock traded hands. ASOS plc has a one year low of GBX 4,069.00 and a one year high of GBX 6,497.00. The company has a 50-day moving average price of GBX 5,827.78 and a 200 day moving average price of GBX 5,848.91. The firm’s market capitalization is GBX 4.65 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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