Shares of ASOS Plc (LON:ASC – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 375.16 ($4.87) and traded as high as GBX 376.24 ($4.88). ASOS shares last traded at GBX 370.60 ($4.81), with a volume of 265,628 shares changing hands.
Analysts Set New Price Targets
A number of research firms have recently commented on ASC. Berenberg Bank reissued a “buy” rating and set a GBX 490 ($6.36) price target on shares of ASOS in a report on Thursday, September 5th. Shore Capital reissued a “sell” rating on shares of ASOS in a research note on Tuesday, September 10th. Finally, Barclays downgraded shares of ASOS to an “underweight” rating and reduced their price target for the company from GBX 300 ($3.90) to GBX 290 ($3.77) in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, ASOS has an average rating of “Hold” and a consensus price target of GBX 391 ($5.08).
ASOS Price Performance
ASOS Company Profile
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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