ASOS plc (ASC) PT Raised to GBX 6,500 at Berenberg Bank
ASOS plc (LON:ASC) had its price objective boosted by research analysts at Berenberg Bank from GBX 5,100 ($63.72) to GBX 6,500 ($81.21) in a research note issued on Thursday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 26.80% from the stock’s previous close.
Other research analysts have also issued research reports about the stock. BNP Paribas reaffirmed a ” outperform” rating and issued a GBX 4,660 ($58.22) price target on shares of ASOS plc in a research note on Monday, September 12th. Shore Capital reaffirmed a “buy” rating on shares of ASOS plc in a research note on Friday, September 2nd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 4,800 ($59.97) price target on shares of ASOS plc in a research note on Thursday, August 11th. Peel Hunt lowered their price objective on shares of ASOS plc from GBX 5,000 ($62.47) to GBX 4,000 ($49.98) and set a “buy” rating on the stock in a report on Tuesday, October 18th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 6,500 ($81.21) price objective on shares of ASOS plc in a report on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 5,007.89 ($62.57).
Shares of ASOS plc (LON:ASC) opened at 5254.00 on Thursday. The firm has a 50-day moving average of GBX 5,102.49 and a 200-day moving average of GBX 4,454.59. ASOS plc has a one year low of GBX 2,557.00 and a one year high of GBX 5,500.00. The company’s market capitalization is GBX 4.36 billion.
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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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