ASOS plc (LON:ASC) had its target price trimmed by Deutsche Bank AG from GBX 6,000 ($78.92) to GBX 5,800 ($76.29) in a research note released on Wednesday, October 18th. The firm currently has a hold rating on the stock.
Several other research analysts also recently weighed in on the stock. Canaccord Genuity restated a sell rating and set a GBX 3,622 ($47.64) price target on shares of ASOS plc in a research report on Tuesday, October 17th. Peel Hunt restated a buy rating and set a GBX 7,000 ($92.07) price target on shares of ASOS plc in a research report on Tuesday, October 17th. Shore Capital restated a buy rating on shares of ASOS plc in a research report on Tuesday, October 17th. Liberum Capital reaffirmed a buy rating and set a GBX 6,400 ($84.18) price objective on shares of ASOS plc in a research note on Tuesday, October 17th. Finally, Credit Suisse Group raised shares of ASOS plc to a neutral rating and upped their price objective for the company from GBX 5,300 ($69.71) to GBX 5,600 ($73.66) in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 6,232.80 ($81.98).
ASOS plc (LON ASC) traded up GBX 79 ($1.04) on Wednesday, hitting GBX 5,989 ($78.77). 496,725 shares of the company traded hands, compared to its average volume of 519,862. ASOS plc has a 52-week low of GBX 4,574 ($60.16) and a 52-week high of GBX 6,497 ($85.45).
In other news, insider Nicholas Robertson sold 150,000 shares of the 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). Also, insider Helen Jane Ashton sold 6,081 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of GBX 5,684 ($74.76), for a total transaction of £345,644.04 ($454,615.34).
About ASOS plc
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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