ASOS PLC/ADR (OTCMKTS:ASOMY) Stock Rating Upgraded by Zacks Investment Research
According to Zacks, “ASOS Plc is an online fashion destination. It offers branded and own-branded product lines, including womenswear and menswear, footwear, accessories, jewelry and beauty and grooming products primarily through its Website, asos.com. The company operates primarily in the United Kingdom, France, Germany, Italy, Spain, Australia, the United States, Russia and China. ASOS Plc is based in London, United Kingdom. “
Other equities research analysts also recently issued research reports about the stock. UBS Group downgraded shares of ASOS PLC/ADR from a buy rating to a neutral rating in a research report on Tuesday, June 25th. Jefferies Financial Group downgraded shares of ASOS PLC/ADR from a buy rating to an underperform rating in a research report on Thursday, August 15th. HSBC downgraded shares of ASOS PLC/ADR from a buy rating to a hold rating in a research report on Thursday, July 25th. Barclays downgraded shares of ASOS PLC/ADR from an overweight rating to an equal weight rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. downgraded shares of ASOS PLC/ADR from an overweight rating to a neutral rating in a research report on Sunday, July 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $48.00.
ASOS PLC/ADR 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, 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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