ASOS plc (ASC) Receives Overweight Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of ASOS plc (LON:ASC) in a research report sent to investors on Monday. The brokerage currently has a GBX 5,400 ($70.49) price objective on the stock.
Other equities research analysts also recently issued research reports about the company. Shore Capital reaffirmed a buy rating on shares of ASOS plc in a report on Friday, September 2nd. Goldman Sachs Group Inc. reaffirmed a neutral rating and set a GBX 5,100 ($66.57) price target on shares of ASOS plc in a report on Friday, August 19th. Royal Bank Of Canada reaffirmed an outperform rating and set a GBX 5,000 ($65.27) price target on shares of ASOS plc in a report on Tuesday, August 30th. BNP Paribas raised their price target on ASOS plc from GBX 5,200 ($67.88) to GBX 5,800 ($75.71) and gave the company an outperform rating in a report on Friday, September 9th. Finally, Credit Suisse Group AG started coverage on ASOS plc in a report on Friday, September 23rd. They set a neutral rating and a GBX 5,100 ($66.57) price target for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 4,635.26 ($60.50).
ASOS plc (LON:ASC) traded up 2.87% during midday trading on Monday, hitting GBX 5123.00. 282,442 shares of the stock traded hands. The firm’s 50 day moving average is GBX 4,682.50 and its 200-day moving average is GBX 4,029.44. ASOS plc has a 12-month low of GBX 2,557.00 and a 12-month high of GBX 5,140.70. The stock’s market capitalization is GBX 4.25 billion.
ASOS plc Company Profile
ASOS Plc is a United Kingdom-based global online fashion destination .The Company sell cutting-edge fast fashion and offers a variety offashion-related content, making ASOS.com the hub of a thriving fashion community. It sell 75,000 branded and own-brand products through localized mobile and web experiences, delivering from United Kingdom(UK) hub to almost every country in the world.
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