Latest News for ASOMF
Shore Capital has increased its price target on ASOS PLC (LSE:ASC), the online fashion retailer, to 520p from 420p, maintaining its 'buy' rating. The upgrade implies 25% upside from the current share price of 415p.
RBC Capital Markets has raised its price target on ASOS PLC (LSE:ASC) to 400p from 275p, saying the online fashion retailer has become materially more investable after clearing debt and stabilising its top line. The broker keeps a sector perform rating, with the new target implying around 10% upside from 363p.
ASOS PLC (LSE:ASC) has strengthened its balance sheet and cut costs by selling a fulfilment warehouse in Atlanta, USA for a net gain of around £48 million. The online fashion retailer said it had assigned the site's lease to a global consumer brand and sold the related automation assets to a member of DHL Group.
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