Research analysts at Macquarie began coverage on shares of ASOS plc (LON:ASC) in a research note issued on Tuesday. The brokerage set an “outperform” rating and a GBX 5,700 ($74.40) price target on the stock. Macquarie’s price objective indicates a potential upside of 21.74% from the company’s previous close.

Several other research analysts also recently issued reports on ASC. Shore Capital reiterated a “buy” rating on shares of ASOS plc in a research note on Thursday, May 26th. Peel Hunt reiterated a “buy” rating and issued a GBX 4,000 ($52.21) target price on shares of ASOS plc in a research note on Thursday, May 26th. Barclays PLC reiterated an “overweight” rating on shares of ASOS plc in a research note on Tuesday, June 7th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 4,400 ($57.43) target price on shares of ASOS plc in a research note on Friday, June 17th. Finally, BNP Paribas upped their target price on shares of ASOS plc from GBX 4,800 ($62.66) to GBX 5,200 ($67.88) and gave the stock an “outperform” rating in a research note on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 4,524.74 ($59.06).

ASOS plc (LON:ASC) opened at 4790.00 on Tuesday. ASOS plc has a 12-month low of GBX 2,452.00 and a 12-month high of GBX 4,885.00. The company has a 50-day moving average of GBX 4,657.78 and a 200 day moving average of GBX 3,931.30. The company’s market capitalization is GBX 3.97 billion.

ASOS plc Company Profile

ASOS Plc is a United Kingdom-based global online fashion destination .The Company sell cutting-edge fast fashion and offers a variety offashion-related content, making ASOS.com the hub of a thriving fashion community. It sell 75,000 branded and own-brand products through localized mobile and web experiences, delivering from United Kingdom(UK) hub to almost every country in the world.

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