ASOS plc (LON:ASC) Given Buy Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of ASOS plc (LON:ASC) in a research note published on Tuesday, October 17th.

A number of other equities analysts have also weighed in on the company. Liberum Capital reiterated a buy rating and set a GBX 6,400 ($84.18) target price on shares of ASOS plc in a research note on Tuesday, October 17th. Deutsche Bank AG reiterated a hold rating and set a GBX 6,000 ($78.92) target price on shares of ASOS plc in a research note on Monday, October 2nd. Credit Suisse Group upgraded ASOS plc to a neutral rating and increased their target price for the stock from GBX 5,300 ($69.71) to GBX 5,600 ($73.66) in a research note on Tuesday, September 19th. Peel Hunt reiterated a buy rating and set a GBX 7,000 ($92.07) target price on shares of ASOS plc in a research note on Friday, September 15th. Finally, Numis Securities Ltd reiterated a buy rating and set a GBX 7,250 ($95.36) target price on shares of ASOS plc in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. ASOS plc presently has an average rating of Buy and an average target price of GBX 6,232.80 ($81.98).

Shares of ASOS plc (LON:ASC) traded up GBX 79 ($1.04) during midday trading on Tuesday, hitting GBX 5,989 ($78.77). The stock had a trading volume of 496,725 shares, compared to its average volume of 519,862. ASOS plc has a one year low of GBX 4,574 ($60.16) and a one year 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 on Thursday, October 26th. The stock was 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 on Wednesday, November 1st. The shares were sold at an average price of GBX 5,684 ($74.76), for a total value 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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