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Several brokerages have recently issued reports on ASC. Barclays upped their target price on shares of ASOS from GBX 884 ($10.83) to GBX 1,075 ($13.17) and gave the stock an “equal weight” rating in a research note on Monday, June 20th. Liberum Capital dropped their target price on shares of ASOS from GBX 2,300 ($28.17) to GBX 1,700 ($20.82) and set a “hold” rating on the stock in a research note on Tuesday, April 12th. JPMorgan Chase & Co. downgraded shares of ASOS to a “neutral” rating and dropped their target price for the stock from GBX 2,900 ($35.52) to GBX 1,500 ($18.37) in a research note on Tuesday, June 21st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,440 ($29.89) target price on shares of ASOS in a research note on Thursday, June 16th. Finally, Royal Bank of Canada set a GBX 2,000 ($24.50) target price on shares of ASOS in a research note on Friday, June 17th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,415.36 ($29.59).
"Non-food store sales were unchanged, with a 2.2pc increase in clothing"
https://www.telegraph.co.uk/business/2022/06/24/retail-sales-drop-squeezed-households-slash-food-spending/
I see Simon omitted one crucial info from the May figure. Less on food however more on clothing.....see below
Heather Bovill, the ONS deputy director for surveys and economic indicators, said: “Retail sales fell in May driven by a decline in food sales. Feedback from supermarkets suggested customers were spending less on their food shop because of the rising cost of living.
“More workers returning to the office may have contributed to increased fuel sales this month, while shoppers buying outfits for summer holidays helped boost clothing sales.
Web visits seems to be going in the right direction with month on month increases...
https://www.similarweb.com/website/asos.com/#interests
If you think $120 is fine you clearly are far away from reality. The price is having massive impact on non producing countries especially far east!
The demand would collapse from Sept onwards unless Brent goes sub 90.....
I've said this before and I'll say it again....keep adding at this level and you should be rewarded in 12 months time....
On a red day you will see various ID's scaring you into selling etc...ignore them