ASOS plc (ASC) Receives “Buy” Rating from Shore Capital
Shore Capital reaffirmed their buy rating on shares of ASOS plc (LON:ASC) in a research note released on Thursday morning, MarketBeat Ratings reports.
Several other research firms also recently weighed in on ASC. Deutsche Bank AG restated a hold rating and set a GBX 6,000 ($79.18) price target on shares of ASOS plc in a research report on Monday, October 2nd. Liberum Capital reiterated a buy rating and issued a GBX 6,400 ($84.46) price objective on shares of ASOS plc in a report on Tuesday, October 17th. Barclays PLC reiterated an overweight rating on shares of ASOS plc in a report on Wednesday, October 18th. Credit Suisse Group reiterated an underperform rating and issued a GBX 5,300 ($69.94) price objective on shares of ASOS plc in a report on Friday, September 1st. Finally, Peel Hunt increased their price objective on shares of ASOS plc from GBX 5,800 ($76.54) to GBX 7,000 ($92.37) and gave the company a buy rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. ASOS plc presently has an average rating of Buy and a consensus target price of GBX 6,232.80 ($82.25).
ASOS plc (ASC) opened at GBX 5,900.40 ($77.86) on Thursday. ASOS plc has a 1 year low of GBX 4,574 ($60.36) and a 1 year high of GBX 6,497 ($85.74).
In other news, insider Nicholas Robertson sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of GBX 5,662 ($74.72), for a total transaction of £8,493,000 ($11,207,442.60). Also, insider Helen Jane Ashton sold 6,081 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($75.01), for a total transaction of £345,644.04 ($456,115.12).
ASOS plc Company Profile
Asos PLC is a global fashion destination for a range of things. The Company sells and offers a range of fashion-related content on ASOS.com. The Company’s segments include UK, US, EU and RoW. It sells over 85,000 branded and own-label products through localized mobile and Web experiences, delivering from its fulfilment centers in the United Kingdom, the United States, Europe and across the world.
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