ASOS plc (ASC) Receives Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of ASOS plc (LON:ASC) in a research report report published on Thursday morning. Berenberg Bank currently has a GBX 6,800 ($89.73) price target on the stock.

A number of other equities analysts have also commented on the company. Shore Capital reiterated a buy rating on shares of ASOS plc in a research note on Thursday, July 6th. Liberum Capital reiterated a buy rating and issued a GBX 6,400 ($84.46) price objective on shares of ASOS plc in a research note on Thursday, July 13th. Deutsche Bank AG reiterated a hold rating and issued a GBX 6,000 ($79.18) price objective on shares of ASOS plc in a research note on Friday, September 8th. Barclays PLC reiterated an overweight rating and issued a GBX 6,670 ($88.02) price objective on shares of ASOS plc in a research note on Friday, July 14th. Finally, Peel Hunt reiterated a buy rating and issued a GBX 7,000 ($92.37) price objective on shares of ASOS plc in a research note on Friday, September 15th. 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 company currently has a consensus rating of Buy and a consensus target price of GBX 6,232.80 ($82.25).

ASOS plc (ASC) traded up GBX 335 ($4.42) during midday trading on Thursday, reaching GBX 5,910 ($77.99). The company’s stock had a trading volume of 1,156,062 shares.

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In other news, insider Helen Jane Ashton sold 6,081 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($75.01), for a total value of £345,644.04 ($456,115.12). Also, insider Nicholas Robertson sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of GBX 5,662 ($74.72), for a total value of £8,493,000 ($11,207,442.60).

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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