ASOS plc (ASC) Given Consensus Recommendation of “Buy” by Analysts
ASOS plc (LON:ASC) has been assigned an average rating of “Buy” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 6,338 ($84.07).
Several equities research analysts have weighed in on the company. Peel Hunt restated a “buy” rating and set a GBX 7,000 ($92.85) target price on shares of ASOS plc in a research note on Thursday, July 13th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 7,250 ($96.17) price target on shares of ASOS plc in a research note on Thursday, July 13th. Liberum Capital reiterated a “buy” rating and issued a GBX 6,400 ($84.89) price target on shares of ASOS plc in a research note on Thursday, July 13th. Shore Capital reissued a “buy” rating on shares of ASOS plc in a report on Thursday, July 13th. Finally, Berenberg Bank boosted their price target on ASOS plc from GBX 6,500 ($86.22) to GBX 6,800 ($90.20) and gave the stock a “buy” rating in a report on Monday, July 10th.
Shares of ASOS plc (LON ASC) traded up 0.64% during mid-day trading on Wednesday, reaching GBX 5950.00. 201,682 shares of the company’s stock traded hands. The firm has a 50 day moving average price of GBX 5,791.33 and a 200-day moving average price of GBX 5,885.49. The stock’s market cap is GBX 4.94 billion. ASOS plc has a 12 month low of GBX 4,574.00 and a 12 month high of GBX 6,497.00.
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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