ASOS (ASC) Downgraded by Liberum Capital
ASOS (LON:ASC) was downgraded by analysts at Liberum Capital to a “hold” rating in a report issued on Tuesday, December 18th.
A number of other analysts also recently weighed in on ASC. Credit Suisse Group downgraded shares of ASOS to an “underperform” rating and increased their target price for the company from GBX 5,725 ($74.81) to GBX 5,750 ($75.13) in a research report on Wednesday, September 5th. Shore Capital reissued a “buy” rating on shares of ASOS in a research report on Thursday, September 27th. Royal Bank of Canada raised shares of ASOS to a “top pick” rating in a research report on Tuesday, October 2nd. Peel Hunt reissued a “buy” rating on shares of ASOS in a research report on Wednesday, October 3rd. Finally, Numis Securities reissued a “buy” rating and set a GBX 8,500 ($111.07) target price on shares of ASOS in a research report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 5,406.26 ($70.64).
Shares of ASOS stock traded down GBX 19 ($0.25) on Tuesday, hitting GBX 2,881 ($37.65). The stock had a trading volume of 323,962 shares, compared to its average volume of 293,510. ASOS has a twelve month low of GBX 58.29 ($0.76) and a twelve month high of GBX 7,770 ($101.53).
ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.
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