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).

Analyst Recommendations for ASOS plc (LON:ASC)

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.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2016/11/28/asos-plc-asc-pt-raised-to-gbx-6500-at-berenberg-bank.html.

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.

Receive News & Stock Ratings for ASOS plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASOS plc and related stocks with our FREE daily email newsletter.