ASOS plc (ASC) Stock Rating Upgraded by Credit Suisse Group

ASOS plc (LON:ASC) was upgraded by analysts at Credit Suisse Group to a “neutral” rating in a note issued to investors on Tuesday. The brokerage presently has a GBX 5,600 ($75.50) price objective on the stock, up from their previous price objective of GBX 5,300 ($71.46). Credit Suisse Group’s price objective would indicate a potential downside of 1.72% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of ASOS plc in a research note on Thursday, July 6th. Liberum Capital reiterated a “buy” rating and set a GBX 6,400 ($86.29) price objective on shares of ASOS plc in a research note on Thursday, July 13th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 6,000 ($80.90) price objective on shares of ASOS plc in a research note on Friday, September 8th. Barclays PLC reiterated an “overweight” rating and set a GBX 6,670 ($89.93) price objective on shares of ASOS plc in a research note on Tuesday, August 1st. Finally, Peel Hunt reiterated a “buy” rating on shares of ASOS plc in a research note on Friday, June 9th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 6,210 ($83.73).

ASOS plc (LON ASC) opened at 5698.00 on Tuesday. ASOS plc has a 12-month low of GBX 4,069.00 and a 12-month high of GBX 6,497.00. The stock’s 50 day moving average is GBX 5,810.24 and its 200 day moving average is GBX 5,868.70. The stock’s market capitalization is GBX 4.73 billion.

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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.

Analyst Recommendations for ASOS plc (LON:ASC)

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