JPMorgan Chase & Co. Reaffirms Overweight Rating for ASOS (ASC)

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of ASOS (LON:ASC) in a research note issued to investors on Thursday.

ASC has been the topic of several other reports. Credit Suisse Group downgraded shares of ASOS to an underperform rating and upped their price objective for the company from GBX 5,725 ($74.81) to GBX 5,750 ($75.13) in a report on Wednesday, September 5th. Berenberg Bank reiterated a buy rating and issued a GBX 8,300 ($108.45) price objective on shares of ASOS in a report on Thursday, June 28th. Barclays reiterated an overweight rating on shares of ASOS in a report on Friday, July 13th. UBS Group reiterated a buy rating on shares of ASOS in a report on Wednesday, July 4th. Finally, Shore Capital reiterated a buy rating on shares of ASOS in a report on Thursday, September 27th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of GBX 7,203.06 ($94.12).

ASC traded down GBX 314 ($4.10) during trading on Thursday, reaching GBX 5,736 ($74.95). 847,840 shares of the stock were exchanged, 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 Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, and the Russian Federation. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and own-labeled products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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