ASOS plc’s (ASC) Outperform Rating Reiterated at Macquarie
ASOS plc (LON:ASC)‘s stock had its “outperform” rating reiterated by investment analysts at Macquarie in a research note issued to investors on Thursday. They currently have a GBX 7,000 ($93.01) price objective on the stock. Macquarie’s price target suggests a potential upside of 26.08% from the company’s current price.
Several other equities analysts have also issued reports on ASC. Liberum Capital reaffirmed a “buy” rating and issued a GBX 6,400 ($85.04) price target on shares of ASOS plc in a report on Tuesday, October 17th. Beaufort Securities reiterated a “buy” rating on shares of ASOS plc in a research note on Wednesday. Peel Hunt reiterated a “buy” rating and set a GBX 7,000 ($93.01) price objective on shares of ASOS plc in a research note on Tuesday, October 17th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 7,250 ($96.33) price objective on shares of ASOS plc in a research note on Wednesday, August 9th. Finally, Barclays PLC reiterated an “overweight” rating on shares of ASOS plc in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 6,232.80 ($82.82).
ASOS plc (ASC) traded up 0.91% during trading on Thursday, reaching GBX 5552.00. The company had a trading volume of 791,903 shares. The stock’s market capitalization is GBX 4.61 billion. The stock has a 50 day moving average of GBX 5,760.49 and a 200-day moving average of GBX 5,871.08. ASOS plc has a 12-month low of GBX 4,574.00 and a 12-month high of GBX 6,497.00.
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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