ASOS plc (LON:ASC) Stock Rating Reaffirmed by Peel Hunt

ASOS plc (LON:ASC)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a research report issued to clients and investors on Tuesday, October 17th. They presently have a GBX 7,000 ($92.07) target price on the stock. Peel Hunt’s price target suggests a potential upside of 16.88% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Barclays PLC reaffirmed an “overweight” rating and set a GBX 6,670 ($87.73) price objective on shares of ASOS plc in a research report on Friday, July 14th. Beaufort Securities reaffirmed a “buy” rating on shares of ASOS plc in a research report on Friday, July 14th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 7,250 ($95.36) price objective on shares of ASOS plc in a research report on Thursday, July 13th. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 6,250 ($82.20) price objective on shares of ASOS plc in a research report on Friday, June 30th. Finally, Shore Capital reaffirmed a “buy” rating on shares of ASOS plc in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 6,232.80 ($81.98).

ASOS plc (LON:ASC) traded up GBX 79 ($1.04) during trading hours on Tuesday, reaching GBX 5,989 ($78.77). The company’s stock had a trading volume of 496,725 shares, compared to its average volume of 519,862. ASOS plc has a 1 year low of GBX 4,574 ($60.16) and a 1 year high of GBX 6,497 ($85.45).

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In other ASOS plc news, insider Helen Jane Ashton sold 6,081 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($74.76), for a total value of £345,644.04 ($454,615.34). Also, insider Nicholas Robertson sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of GBX 5,662 ($74.47), for a total value of £8,493,000 ($11,170,590.56).

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.

Analyst Recommendations for ASOS plc (LON:ASC)

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