ASOS plc (LON:ASC) PT Lowered to GBX 5,800 at Deutsche Bank AG

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).

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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.

Analyst Recommendations for ASOS plc (LON:ASC)

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