Deutsche Bank Reiterates “Hold” Rating for ASOS (ASC)
ASOS (LON:ASC)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a research note issued on Friday. They presently have a GBX 5,800 ($78.06) price target on the stock. Deutsche Bank’s target price suggests a potential downside of 3.64% from the stock’s previous close.
A number of other research analysts have also issued reports on the stock. Morgan Stanley lowered shares of ASOS to an “underweight” rating and reduced their target price for the company from GBX 5,170 ($69.58) to GBX 5,000 ($67.29) in a research note on Friday. Peel Hunt reissued a “buy” rating and set a GBX 7,000 ($94.21) target price on shares of ASOS in a research note on Wednesday, November 29th. Shore Capital Group reissued a “buy” rating on shares of ASOS in a research note on Thursday, November 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 6,800 ($91.52) target price on shares of ASOS in a research note on Thursday, November 2nd. Finally, Credit Suisse Group boosted their target price on shares of ASOS from GBX 5,600 ($75.37) to GBX 5,725 ($77.05) and gave the company a “neutral” rating in a research note on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 6,154.47 ($82.83).
ASOS (LON ASC) traded down GBX 6.73 ($0.09) during trading on Friday, reaching GBX 6,019.27 ($81.01). 261,553 shares of the company’s stock were exchanged, compared to its average volume of 367,392. ASOS has a 52-week low of GBX 58.29 ($0.78) and a 52-week high of GBX 6,497 ($87.44).
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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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