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

ASOS plc (LON:ASC) has been given an average recommendation of “Buy” by the eighteen analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 7,232.20 ($94.50).

ASC has been the subject of several recent analyst reports. Credit Suisse Group downgraded ASOS to an “underperform” rating and upped their price target for the stock from GBX 5,725 ($74.81) to GBX 5,750 ($75.13) in a research note on Wednesday, September 5th. Shore Capital restated a “buy” rating on shares of ASOS in a research note on Thursday, September 27th. Royal Bank of Canada upgraded ASOS to a “top pick” rating in a research note on Tuesday, October 2nd. Peel Hunt restated a “buy” rating on shares of ASOS in a research note on Wednesday, October 3rd. Finally, Liberum Capital restated a “buy” rating and issued a GBX 5,000 ($65.33) price target on shares of ASOS in a research note on Wednesday, October 17th.

Shares of LON:ASC traded down GBX 27 ($0.35) during mid-day trading on Monday, reaching GBX 4,588 ($59.95). 374,809 shares of the company traded hands, compared to its average volume of 293,510. ASOS has a 52 week low of GBX 58.29 ($0.76) and a 52 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 that occurred 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).

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.

Further Reading: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for ASOS (LON:ASC)

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