ASOS Plc (LON:ASC – Get Free Report)’s stock price traded down 6.8% during trading on Tuesday. The company traded as low as GBX 426.50 and last traded at GBX 467.75. 4,428,978 shares traded hands during trading, a decline of 1% from the average daily volume of 4,451,911 shares. The stock had previously closed at GBX 502.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Shore Capital Group upgraded shares of ASOS to a “buy” rating and set a GBX 520 price target for the company in a research report on Thursday, September 24th. Berenberg Bank lifted their price objective on ASOS from GBX 600 to GBX 750 and gave the company a “buy” rating in a report on Thursday, September 24th. JPMorgan Chase & Co. increased their target price on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada boosted their price target on ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 440.71.
Get Our Latest Analysis on ASC
ASOS Stock Up 4.1%
About ASOS
ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.
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