ASOS (ASC) – Analysts’ Recent Ratings Changes

ASOS (LON: ASC) recently received a number of ratings updates from brokerages and research firms:

  • 12/21/2017 – ASOS had its price target raised by analysts at Royal Bank of Canada from GBX 6,900 ($92.87) to GBX 7,400 ($99.60). They now have an “outperform” rating on the stock.
  • 12/18/2017 – ASOS had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 6,800 ($91.52) price target on the stock.
  • 12/8/2017 – ASOS had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 5,800 ($78.06) price target on the stock.
  • 12/8/2017 – ASOS was downgraded by analysts at Morgan Stanley to an “underweight” rating. They now have a GBX 5,000 ($67.29) price target on the stock, down previously from GBX 5,170 ($69.58).
  • 11/29/2017 – ASOS had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 7,000 ($94.21) price target on the stock.
  • 11/13/2017 – ASOS had its price target raised by analysts at Credit Suisse Group AG from GBX 5,600 ($75.37) to GBX 5,725 ($77.05). They now have a “neutral” rating on the stock.
  • 11/2/2017 – ASOS had its “buy” rating reaffirmed by analysts at Shore Capital Group Ltd.
  • 11/2/2017 – ASOS had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 6,800 ($91.52) price target on the stock.
  • 11/2/2017 – ASOS had its “buy” rating reaffirmed by analysts at Shore Capital.

ASOS plc (ASC) opened at GBX 6,603 ($88.87) on Friday. ASOS plc has a 12 month low of GBX 58.29 ($0.78) and a 12 month high of GBX 6,684 ($89.96).

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 the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($76.50), for a total value of £345,644.04 ($465,200.59).

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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