ASOS plc (ASC) Receives Average Recommendation of “Buy” from Brokerages
Shares of ASOS plc (LON:ASC) have earned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 6,192.35 ($80.86).
ASC has been the topic of several research analyst reports. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 6,000 ($78.35) price objective on shares of ASOS plc in a research note on Wednesday, May 17th. HSBC Holdings plc reiterated a “hold” rating and set a GBX 5,900 ($77.04) target price on shares of ASOS plc in a research note on Monday, April 24th. Peel Hunt reiterated a “buy” rating on shares of ASOS plc in a research note on Friday, June 9th. Barclays PLC increased their target price on ASOS plc from GBX 6,630 ($86.58) to GBX 6,670 ($87.10) and gave the stock an “overweight” rating in a research note on Wednesday, April 5th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 5,800 ($75.74) target price on shares of ASOS plc in a research note on Sunday, March 26th.
Shares of ASOS plc (LON ASC) traded down 0.05% during mid-day trading on Friday, hitting GBX 5725.00. The stock had a trading volume of 223,160 shares. The stock’s market capitalization is GBX 4.75 billion. ASOS plc has a 52 week low of GBX 4,069.00 and a 52 week high of GBX 6,497.00. The stock has a 50 day moving average of GBX 5,913.98 and a 200-day moving average of GBX 5,703.01.
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ASOS plc Company Profile
Asos PLC is a global fashion destination for a range of things. The Company sells and offers a range of fashion-related content on ASOS.com. The Company’s segments include UK, US, EU and RoW. It sells over 85,000 branded and own-label products through localized mobile and Web experiences, delivering from its fulfilment centers in the United Kingdom, the United States, Europe and across the world.
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