ASOS plc (ASC) Receives Consensus Recommendation of “Buy” from Analysts

ASOS plc (LON:ASC) has been assigned an average rating of “Buy” from the eighteen research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 7,232.20 ($94.50).

Several equities analysts have commented on the company. Shore Capital reaffirmed a “buy” rating on shares of ASOS in a research report on Tuesday. Credit Suisse Group increased their price target on ASOS from GBX 5,300 ($69.25) to GBX 6,000 ($78.40) and gave the stock a “neutral” rating in a research report on Monday, October 22nd. HSBC reissued a “buy” rating on shares of ASOS in a research report on Friday, October 19th. Barclays reissued an “overweight” rating on shares of ASOS in a research report on Thursday, October 18th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of ASOS in a research report on Thursday, October 18th.

In other news, insider Nick Beighton sold 22,808 shares of the 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 transaction of £1,242,579.84 ($1,623,650.65).

ASOS stock traded down GBX 27 ($0.35) during mid-day trading on Monday, hitting GBX 4,588 ($59.95). The company’s stock had a trading volume of 374,809 shares, compared to its average volume of 293,510. ASOS has a one year low of GBX 58.29 ($0.76) and a one year high of GBX 7,770 ($101.53).

About ASOS

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand 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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