ASOS plc (ASC) Receives Consensus Rating of “Buy” from Analysts
Shares of ASOS plc (LON:ASC) have earned a consensus recommendation of “Buy” from the twenty-two brokerages that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 5,372.22 ($66.35).
Several analysts have weighed in on the company. Goldman Sachs Group Inc reiterated a “buy” rating and set a GBX 5,800 ($71.63) price target on shares of ASOS plc in a research note on Friday, January 13th. Peel Hunt reiterated a “buy” rating and set a GBX 5,800 ($71.63) price target on shares of ASOS plc in a research note on Friday, January 13th. Berenberg Bank boosted their price target on ASOS plc from GBX 5,100 ($62.99) to GBX 6,500 ($80.28) and gave the company a “buy” rating in a research note on Thursday, November 24th. Shore Capital reiterated a “buy” rating on shares of ASOS plc in a research note on Thursday, December 15th. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 6,500 ($80.28) price target on shares of ASOS plc in a research note on Thursday, January 12th.
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Shares of ASOS plc (LON:ASC) opened at 5934.00 on Tuesday. The company’s market cap is GBX 4.93 billion. ASOS plc has a 52 week low of GBX 3,006.00 and a 52 week high of GBX 5,948.54. The company’s 50-day moving average price is GBX 5,416.31 and its 200 day moving average price is GBX 5,099.45.
In other news, insider Nicholas Robertson sold 300,000 shares of the company’s stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of GBX 5,175 ($63.91), for a total value of £15,525,000 ($19,173,768.06).
ASOS plc Company Profile
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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