ASOS plc (LON:ASC) had its price objective raised by research analysts at HSBC from GBX 4,950 ($60.33) to GBX 5,290 ($64.47) in a report issued on Tuesday. The firm currently has a “hold” rating on the stock. HSBC’s price target points to a potential upside of 8.83% from the company’s current price.

A number of other equities analysts have also recently issued reports on ASC. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 5,400 ($65.81) target price on shares of ASOS plc in a report on Wednesday. Deutsche Bank AG raised their target price on shares of ASOS plc from GBX 4,400 ($53.63) to GBX 4,750 ($57.89) and gave the stock a “hold” rating in a report on Wednesday. Barclays PLC reissued an “overweight” rating and issued a GBX 4,800 ($58.50) target price on shares of ASOS plc in a report on Monday, July 11th. BNP Paribas reissued an “outperform” rating and issued a GBX 5,200 ($63.38) target price on shares of ASOS plc in a report on Tuesday, July 12th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of ASOS plc in a report on Monday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 4,705.79 ($57.35).

Analyst Recommendations for ASOS plc (LON:ASC)

ASOS plc (LON:ASC) traded up 6.46% during midday trading on Tuesday, hitting GBX 5175.00. The company had a trading volume of 696,923 shares. ASOS plc has a 12-month low of GBX 2,557.00 and a 12-month high of GBX 5,474.00. The stock’s market cap is GBX 4.29 billion. The company’s 50 day moving average is GBX 4,819.47 and its 200 day moving average is GBX 4,177.60.

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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