ASOS (LON:ASC – Get Free Report) was downgraded by analysts at Barclays to an “underweight” rating in a report released on Monday, Digital Look reports. They currently have a GBX 290 ($3.79) price target on the stock, down from their prior price target of GBX 300 ($3.92). Barclays‘s target price suggests a potential downside of 31.01% from the stock’s previous close.
A number of other analysts also recently weighed in on the stock. Shore Capital reiterated a “sell” rating on shares of ASOS in a research report on Tuesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 490 ($6.41) price target on shares of ASOS in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, ASOS has a consensus rating of “Hold” and an average price target of GBX 417.50 ($5.46).
Check Out Our Latest Stock Analysis on ASC
ASOS Trading Down 2.5 %
About ASOS
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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