ASOS plc (ASC) Stock Rating Reaffirmed by Peel Hunt
ASOS plc (LON:ASC)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a report issued on Friday. They presently have a GBX 7,000 ($90.40) target price on the stock. Peel Hunt’s price target suggests a potential upside of 26.15% from the stock’s current price.
Several other brokerages have also recently commented on ASC. HSBC Holdings plc restated a “hold” rating and set a GBX 6,250 ($80.72) price objective on shares of ASOS plc in a research note on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 5,800 ($74.91) price objective on shares of ASOS plc in a research note on Tuesday, June 20th. Numis Securities Ltd restated a “buy” rating and set a GBX 7,250 ($93.63) price objective on shares of ASOS plc in a research note on Wednesday, August 9th. Liberum Capital restated a “buy” rating and set a GBX 6,400 ($82.66) price objective on shares of ASOS plc in a research note on Tuesday, August 8th. Finally, Shore Capital restated a “buy” rating on shares of ASOS plc in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 6,192.35 ($79.97).
Shares of ASOS plc (ASC) traded down 2.65% during mid-day trading on Friday, reaching GBX 5549.00. 212,343 shares of the company’s stock were exchanged. ASOS plc has a one year low of GBX 4,069.00 and a one year high of GBX 6,497.00. The company’s market capitalization is GBX 4.60 billion. The company’s 50-day moving average price is GBX 5,819.03 and its 200-day moving average price is GBX 5,860.84.
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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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