ASOS plc (ASC) Price Target Cut to GBX 4,000 by Analysts at Peel Hunt
ASOS plc (LON:ASC) had its target price lowered by Peel Hunt from GBX 5,000 ($60.94) to GBX 4,000 ($48.75) in a report released on Tuesday morning. The brokerage currently has a buy rating on the stock.
A number of other research analysts have also recently commented on the company. Societe Generale raised ASOS plc to a buy rating in a report on Monday, July 18th. Credit Suisse Group AG initiated coverage on ASOS plc in a report on Friday, September 23rd. They issued a neutral rating and a GBX 5,100 ($62.16) price target on the stock. Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 5,100 ($62.16) price target on shares of ASOS plc in a report on Friday, August 19th. Macquarie initiated coverage on ASOS plc in a report on Tuesday, September 20th. They issued an outperform rating and a GBX 5,700 ($69.47) price target on the stock. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of ASOS plc in a report on Monday, September 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 4,666.84 ($56.88).
Shares of ASOS plc (LON:ASC) opened at 5013.00 on Tuesday. The stock’s market cap is GBX 4.16 billion. ASOS plc has a 1-year low of GBX 2,557.00 and a 1-year high of GBX 5,474.00. The stock’s 50 day moving average price is GBX 4,819.47 and its 200-day moving average price is GBX 4,177.60.
About ASOS plc
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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