Jefferies Group Raises ASOS plc (ASC) Price Target to GBX 5,000
ASOS plc (LON:ASC) had its price objective upped by Jefferies Group from GBX 3,600 ($46.99) to GBX 5,000 ($65.27) in a research report sent to investors on Thursday. Jefferies Group currently has a hold rating on the stock.
A number of other brokerages have also commented on ASC. BNP Paribas raised their price objective on shares of ASOS plc from GBX 4,800 ($62.66) to GBX 5,200 ($67.88) and gave the stock an outperform rating in a report on Monday, June 20th. Barclays PLC reiterated an overweight rating on shares of ASOS plc in a research note on Tuesday, June 7th. Societe Generale reiterated a buy rating on shares of ASOS plc in a research note on Tuesday, June 28th. Liberum Capital reiterated a buy rating and issued a GBX 4,700 ($61.35) price target on shares of ASOS plc in a research note on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 5,100 ($66.57) price target on shares of ASOS plc in a research note on Tuesday, September 6th. 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 stock has a consensus rating of Hold and an average price target of GBX 4,635.26 ($60.50).
Shares of ASOS plc (LON:ASC) opened at 4984.00 on Thursday. The company’s market cap is GBX 4.14 billion. ASOS plc has a 1-year low of GBX 2,557.00 and a 1-year high of GBX 5,024.00. The company has a 50 day moving average of GBX 4,682.50 and a 200 day moving average of GBX 4,029.44.
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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