ASOS plc’s (LON:ASC) “Buy” Rating Reaffirmed at Beaufort Securities

Beaufort Securities reiterated their buy rating on shares of ASOS plc (LON:ASC) in a report issued on Friday.

ASC has been the subject of a number of other reports. Berenberg Bank increased their target price on shares of ASOS plc from GBX 6,500 ($84.88) to GBX 6,800 ($88.80) and gave the company a buy rating in a research report on Monday, July 10th. Deutsche Bank AG raised their price objective on shares of ASOS plc from GBX 5,200 ($67.90) to GBX 6,000 ($78.35) and gave the stock a hold rating in a report on Friday, June 30th. Shore Capital reaffirmed a buy rating on shares of ASOS plc in a report on Thursday. Macquarie raised their price objective on shares of ASOS plc from GBX 6,300 ($82.27) to GBX 7,000 ($91.41) and gave the stock an outperform rating in a report on Wednesday, April 5th. Finally, Liberum Capital raised their price objective on shares of ASOS plc from GBX 5,900 ($77.04) to GBX 6,400 ($83.57) and gave the stock a buy rating in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 6,192.35 ($80.86).

ASOS plc (LON ASC) traded up 0.87% during midday trading on Friday, hitting GBX 5688.00. 365,942 shares of the stock were exchanged. The firm’s market capitalization is GBX 4.72 billion. The firm’s 50-day moving average price is GBX 6,125.25 and its 200 day moving average price is GBX 5,615.54. ASOS plc has a 1-year low of GBX 4,069.00 and a 1-year high of GBX 6,497.00.

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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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