ASOS (ASC) Earns Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of ASOS (LON:ASC) in a research note issued to investors on Monday. Berenberg Bank currently has a GBX 6,800 ($91.52) price objective on the stock.

A number of other equities research analysts have also recently commented on ASC. Credit Suisse Group reissued an underperform rating and issued a GBX 5,300 ($71.33) price objective on shares of ASOS in a research note on Friday, September 1st. Deutsche Bank reissued a hold rating and issued a GBX 6,000 ($80.75) price objective on shares of ASOS in a research note on Friday, September 8th. Peel Hunt reissued a buy rating and issued a GBX 7,000 ($94.21) price objective on shares of ASOS in a research note on Friday, September 15th. Shore Capital reissued a buy rating on shares of ASOS in a research note on Wednesday, October 11th. Finally, Liberum Capital reissued a buy rating and issued a GBX 6,400 ($86.14) price objective on shares of ASOS in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 6,247.80 ($84.09).

Shares of ASOS (ASC) opened at GBX 6,511 ($87.63) on Monday. ASOS has a one year low of GBX 58.29 ($0.78) and a one year high of GBX 6,497 ($87.44).

In related news, insider Nicholas Robertson sold 150,000 shares of ASOS stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of GBX 5,662 ($76.20), for a total transaction of £8,493,000 ($11,430,686.41). Also, insider Helen Jane Ashton sold 6,081 shares of ASOS stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of GBX 5,684 ($76.50), for a total value of £345,644.04 ($465,200.59).

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About ASOS

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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