ASOS plc 8.9% potential upside indicated by Berenberg Bank

ASOS plc with ticker (LON:ASC) now has a potential upside of 8.9% according to Berenberg Bank.

ASC.L

Berenberg Bank set a target price of 490 GBX for the company, which when compared to the ASOS plc share price of 450 GBX at opening today (06/09/2024) indicates a potential upside of 8.9%. Trading has ranged between 329 (52 week low) and 454 (52 week high) with an average of 373,968 shares exchanging hands daily. The market capitalisation at the time of writing is £519,581,534.

ASOS Plc is a United Kingdom-based global fashion retailer. The Company’s segments include the United Kingdom, Europe, the United States and the Rest of the World. It has approximately 17 own brands, including ASOS Design, ASOS Edition, ASOS 4505, ASOS Luxe, As You, Collusion, Topshop Topman, Miss Selfridge, HIIT, Dark Future, Unrvlld Spply, Crooked Tongues, Day Social and Actual. The Company sells products across the world and has Websites targeting countries that include the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark and Poland. The Company’s warehouse network includes four fulfillment centers and five returns centers, enabling them to provide next day delivery to the majority of its global customer base. Its Barnsley and Lichfield warehouses service both the United Kingdom and Rest of World territories, with Eurohub servicing Europe and Atlanta servicing North America.