ASOS plc (ASC) Given Average Recommendation of “Buy” by Analysts

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ASOS plc (LON:ASC) has been given an average rating of “Buy” by the nineteen ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 4,887.62 ($63.87).

Several research firms have recently commented on ASC. Peel Hunt reaffirmed a “buy” rating on shares of ASOS in a report on Tuesday. Credit Suisse Group lifted their price target on shares of ASOS from GBX 5,300 ($69.25) to GBX 6,000 ($78.40) and gave the company a “neutral” rating in a report on Monday, October 22nd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 5,000 ($65.33) price target on shares of ASOS in a report on Wednesday, October 17th. Shore Capital reissued a “buy” rating on shares of ASOS in a research note on Tuesday, October 23rd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of ASOS in a research note on Thursday, October 18th.

In other news, insider Adam Crozier bought 3,750 shares of ASOS stock in a transaction on Tuesday, December 18th. The stock was purchased at an average cost of GBX 2,671 ($34.90) per share, with a total value of £100,162.50 ($130,880.05). Also, insider Nick Beighton sold 22,808 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of GBX 5,448 ($71.19), for a total transaction of £1,242,579.84 ($1,623,650.65).

Shares of LON ASC traded up GBX 5 ($0.07) during midday trading on Tuesday, hitting GBX 3,289 ($42.98). The company’s stock had a trading volume of 1,031,282 shares, compared to its average volume of 293,510. ASOS has a 1-year low of GBX 58.29 ($0.76) and a 1-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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