Credit Suisse Group AG Initiates Coverage on ASOS plc (ASC)

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Stock analysts at Credit Suisse Group AG started coverage on shares of ASOS plc (LON:ASC) in a note issued to investors on Friday. The brokerage set a “neutral” rating and a GBX 5,100 ($66.57) price target on the stock. Credit Suisse Group AG’s price objective would suggest a potential upside of 6.43% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Societe Generale raised shares of ASOS plc to a ” buy” rating in a report on Monday, July 18th. Royal Bank Of Canada reaffirmed a ” outperform” rating and set a GBX 4,500 ($58.74) price objective on shares of ASOS plc in a report on Monday, July 11th. BNP Paribas reaffirmed a ” outperform” rating and set a GBX 4,660 ($60.83) price objective on shares of ASOS plc in a report on Monday, September 12th. Peel Hunt reaffirmed a “buy” rating and set a GBX 4,000 ($52.21) price objective on shares of ASOS plc in a report on Thursday, May 26th. Finally, Shore Capital reaffirmed a “buy” rating on shares of ASOS plc in a report on Thursday, May 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. ASOS plc has a consensus rating of “Hold” and a consensus price target of GBX 4,561.58 ($59.54).
Shares of ASOS plc (LON:ASC) opened at 4792.00 on Friday. The company’s 50-day moving average is GBX 4,664.05 and its 200-day moving average is GBX 3,939.69. ASOS plc has a 12-month low of GBX 2,524.00 and a 12-month high of GBX 4,885.00. The company’s market capitalization is GBX 3.98 billion.

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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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