Nicholas Robertson Sells 150,000 Shares of ASOS plc (ASC) Stock
ASOS plc (LON:ASC) 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 ($74.72), for a total value of £8,493,000 ($11,207,442.60).
Shares of ASOS plc (LON ASC) traded up 1.11% during mid-day trading on Friday, hitting GBX 5822.00. The stock had a trading volume of 484,012 shares. The stock’s market cap is GBX 4.83 billion. The company’s 50 day moving average price is GBX 5,755.65 and its 200 day moving average price is GBX 5,869.25. ASOS plc has a 12-month low of GBX 4,574.00 and a 12-month high of GBX 6,497.00.
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A number of research analysts have commented on the company. Shore Capital restated a “buy” rating on shares of ASOS plc in a research note on Thursday, July 6th. Liberum Capital restated a “buy” rating and set a GBX 6,400 ($84.46) price target on shares of ASOS plc in a research note on Thursday, July 13th. 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 note on Friday, September 8th. Barclays PLC restated an “overweight” rating and set a GBX 6,670 ($88.02) price target on shares of ASOS plc in a research note on Friday, July 14th. Finally, Peel Hunt restated a “buy” rating and set a GBX 7,000 ($92.37) price target on shares of ASOS plc in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 6,232.80 ($82.25).
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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