ASOS plc (ASC) Earns Buy Rating from Berenberg Bank
ASOS plc (LON:ASC)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday. They presently have a GBX 6,800 ($89.73) target price on the stock. Berenberg Bank’s target price indicates a potential upside of 19.36% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of ASOS plc in a research note on Thursday. Macquarie reiterated an “outperform” rating and set a GBX 7,000 ($92.37) price objective on shares of ASOS plc in a research note on Thursday, October 19th. Beaufort Securities reiterated a “buy” rating on shares of ASOS plc in a research note on Wednesday, October 18th. Barclays PLC reiterated an “overweight” rating on shares of ASOS plc in a research note on Wednesday, October 18th. Finally, Deutsche Bank AG reduced their price objective on shares of ASOS plc from GBX 6,000 ($79.18) to GBX 5,800 ($76.54) and set a “hold” rating on the stock in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 6,232.80 ($82.25).
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In other news, insider Nicholas Robertson sold 150,000 shares of the firm’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). Also, insider Helen Jane Ashton sold 6,081 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of GBX 5,684 ($75.01), for a total transaction of £345,644.04 ($456,115.12).
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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