ASOS plc’s (ASC) Sell Rating Reaffirmed at Canaccord Genuity
ASOS plc (LON:ASC)‘s stock had its “sell” rating reaffirmed by equities research analysts at Canaccord Genuity in a report released on Tuesday. They currently have a GBX 3,622 ($48.13) price target on the stock. Canaccord Genuity’s target price points to a potential downside of 36.46% from the company’s current price.
A number of other analysts have also commented on the company. Berenberg Bank raised their price target on ASOS plc from GBX 6,500 ($86.37) to GBX 6,800 ($90.35) and gave the stock a “buy” rating in a research note on Monday, July 10th. Deutsche Bank AG raised their price target on ASOS plc from GBX 5,200 ($69.09) to GBX 6,000 ($79.72) and gave the stock a “hold” rating in a research note on Friday, June 30th. Shore Capital reaffirmed a “buy” rating on shares of ASOS plc in a research note on Thursday, July 13th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 7,000 ($93.01) price target on shares of ASOS plc in a research note on Tuesday. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of ASOS plc in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. ASOS plc presently has an average rating of “Buy” and an average target price of GBX 6,168.25 ($81.96).
ASOS plc (LON ASC) traded up 0.88% during midday trading on Tuesday, reaching GBX 5750.00. 1,762,324 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 5,790.17 and a 200-day moving average of GBX 5,882.49. The stock’s market cap is GBX 4.77 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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