ASOS PLC/ADR (OTCMKTS:ASOMY) Lifted to “Buy” at Berenberg Bank
by Sarita GarzaBerenberg Bank upgraded shares of ASOS PLC/ADR (OTCMKTS:ASOMY) from a hold rating to a buy rating in a research report released on Monday, The Fly reports.
A number of other research firms also recently issued reports on ASOMY. ValuEngine downgraded shares of ASOS PLC/ADR from a buy rating to a hold rating in a report on Tuesday, February 4th. HSBC upgraded shares of ASOS PLC/ADR from a hold rating to a buy rating in a report on Tuesday, December 10th. Zacks Investment Research raised shares of ASOS PLC/ADR from a hold rating to a buy rating and set a $47.00 target price for the company in a research note on Monday, December 23rd. Finally, Stifel Nicolaus raised shares of ASOS PLC/ADR from a sell rating to a hold rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $47.00.
OTCMKTS ASOMY opened at $44.67 on Monday. ASOS PLC/ADR has a 12-month low of $25.99 and a 12-month high of $53.80. The company has a market capitalization of $3.69 billion, a PE ratio of 117.55 and a beta of 2.83. The firm’s 50 day moving average is $42.76 and its 200-day moving average is $37.33.
About ASOS PLC/ADR
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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