ASOS plc (ASC) Given Average Recommendation of “Buy” by Brokerages
ASOS plc (LON:ASC) has been assigned a consensus recommendation of “Buy” from the eighteen ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 6,331.93 ($85.87).
A number of research analysts have recently commented on the company. Peel Hunt reissued a “buy” rating and set a GBX 7,000 ($94.93) price objective on shares of ASOS in a report on Wednesday, November 29th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 7,400 ($100.35) price objective on shares of ASOS in a report on Monday. Deutsche Bank raised ASOS to a “buy” rating and increased their price objective for the company from GBX 5,800 ($78.65) to GBX 7,400 ($100.35) in a report on Tuesday, January 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 6,800 ($92.22) price objective on shares of ASOS in a report on Monday, December 18th. Finally, Morgan Stanley lowered ASOS to an “underweight” rating and lowered their price objective for the company from GBX 5,170 ($70.11) to GBX 5,000 ($67.81) in a report on Friday, December 8th.
In other ASOS news, insider Helen Jane Ashton sold 6,081 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($77.08), for a total value of £345,644.04 ($468,733.44). Also, insider Nicholas Robertson sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of GBX 5,662 ($76.78), for a total value of £8,493,000 ($11,517,493.90).
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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