ASOS plc’s (ASC) “Buy” Rating Reiterated at Citigroup Inc

ASOS plc (LON:ASC)‘s stock had its “buy” rating reaffirmed by equities researchers at Citigroup Inc in a note issued to investors on Wednesday, May 10th. They currently have a GBX 7,000 ($90.36) target price on the stock. Citigroup Inc’s price target points to a potential upside of 13.82% from the company’s current price.

A number of other research firms have also weighed in on ASC. Goldman Sachs Group Inc reaffirmed a “buy” rating and set a GBX 5,800 ($74.87) price objective on shares of ASOS plc in a research report on Sunday, March 26th. Liberum Capital reaffirmed a “buy” rating and set a GBX 5,900 ($76.16) price objective on shares of ASOS plc in a research report on Tuesday, April 4th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 7,250 ($93.58) price objective on shares of ASOS plc in a research report on Tuesday, April 4th. Shore Capital reaffirmed a “buy” rating on shares of ASOS plc in a research report on Tuesday, April 4th. Finally, Barclays PLC upped their price objective on ASOS plc from GBX 6,630 ($85.58) to GBX 6,670 ($86.10) and gave the stock an “overweight” rating in a research report on Wednesday, April 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 5,862.94 ($75.68).

Analyst Recommendations for ASOS plc (LON:ASC)

Shares of ASOS plc (LON:ASC) opened at 6150.00 on Wednesday. ASOS plc has a one year low of GBX 3,303.00 and a one year high of GBX 6,197.00. The stock’s market capitalization is GBX 5.10 billion. The stock has a 50 day moving average price of GBX 5,847.03 and a 200 day moving average price of GBX 5,378.47.

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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.

12 Month Chart for LON:ASC

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