ASOS’s (ASC) Buy Rating Reaffirmed at Shore Capital

ASOS (LON:ASC)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a research report issued on Tuesday.

Several other analysts have also recently commented on the company. Credit Suisse Group cut ASOS to an “underperform” rating and boosted their price target for the stock from GBX 5,725 ($74.81) to GBX 5,750 ($75.13) in a research report on Wednesday, September 5th. Royal Bank of Canada upgraded ASOS to a “top pick” rating in a research report on Tuesday, October 2nd. Peel Hunt reiterated a “buy” rating on shares of ASOS in a research report on Wednesday, October 3rd. HSBC reiterated a “buy” rating on shares of ASOS in a research report on Friday, October 19th. Finally, Numis Securities reiterated a “buy” rating and set a GBX 8,500 ($111.07) price target on shares of ASOS in a research report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 7,217.76 ($94.31).

Shares of ASC stock traded down GBX 196 ($2.56) during trading hours on Tuesday, hitting GBX 4,878 ($63.74). 356,132 shares of the company’s stock were exchanged, compared to its average volume of 293,510. ASOS has a fifty-two week low of GBX 58.29 ($0.76) and a fifty-two week high of GBX 7,770 ($101.53).

In other ASOS news, insider Nick Beighton sold 22,808 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of GBX 5,448 ($71.19), for a total value of £1,242,579.84 ($1,623,650.65).

ASOS Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, and the Russian Federation. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and own-labeled products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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