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.

ILLEGAL ACTIVITY NOTICE: This story was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/17/asos-plcs-asc-sell-rating-reaffirmed-at-canaccord-genuity.html.

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.

Analyst Recommendations for ASOS plc (LON:ASC)

Receive News & Ratings for ASOS plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASOS plc and related companies with MarketBeat.com's FREE daily email newsletter.