Trading Report: The ASOS plc (ASC) Price Target Lowered to GBX 4,000 at Peel Hunt

The ASOS plc (ASC) Price Target Lowered to GBX 4,000 at Peel Hunt

ASOS plc (LON:ASC) had its target price cut by stock analysts at Peel Hunt from GBX 5,000 ($60.94) to GBX 4,000 ($48.75) in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective indicates a potential downside of 24.98% from the stock’s previous close.

ASC has been the topic of several other reports. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 4,800 ($58.50) price objective on shares of ASOS plc in a research note on Monday, July 11th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 5,200 ($63.38) price objective on shares of ASOS plc in a research note on Tuesday, July 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of ASOS plc in a research note on Monday, August 1st. Liberum Capital reaffirmed a “buy” rating and issued a GBX 4,700 ($57.28) price objective on shares of ASOS plc in a research note on Tuesday, July 12th. Finally, Berenberg Bank raised their price objective on ASOS plc from GBX 4,100 ($49.97) to GBX 5,100 ($62.16) and gave the company a “buy” rating in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. ASOS plc has a consensus rating of “Hold” and an average price target of GBX 4,582.63 ($55.85).

ASOS plc (LON:ASC) opened at 5332.00 on Tuesday. The stock’s 50 day moving average price is GBX 4,812.25 and its 200 day moving average price is GBX 4,165.26. The firm’s market capitalization is GBX 4.42 billion. ASOS plc has a 52-week low of GBX 2,557.00 and a 52-week high of GBX 5,474.00.

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