ASOS plc’s (LON:ASC) “Buy” Rating Reaffirmed at Liberum Capital

ASOS plc (LON:ASC)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a research note issued on Tuesday, October 17th. They currently have a GBX 6,400 ($84.46) price objective on the stock. Liberum Capital’s price objective indicates a potential upside of 9.93% from the stock’s current price.

Several other research firms also recently weighed in on ASC. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 5,800 ($76.54) price target on shares of ASOS plc in a research note on Tuesday, June 20th. Numis Securities Ltd restated a “buy” rating and issued a GBX 7,250 ($95.67) price target on shares of ASOS plc in a research note on Wednesday, August 9th. Shore Capital restated a “buy” rating on shares of ASOS plc in a research note on Tuesday, August 8th. Deutsche Bank AG restated a “hold” rating and issued a GBX 6,000 ($79.18) price target on shares of ASOS plc in a research note on Monday, October 2nd. Finally, Berenberg Bank upped their price target on ASOS plc from GBX 6,500 ($85.77) to GBX 6,800 ($89.73) and gave the stock a “buy” rating in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 6,232.80 ($82.25).

ASOS plc (LON ASC) opened at 5822.00 on Tuesday. The company’s market cap is GBX 4.83 billion. The company has a 50-day moving average of GBX 5,761.00 and a 200-day moving average of GBX 5,868.92. ASOS plc has a 52-week low of GBX 4,574.00 and a 52-week high of GBX 6,497.00.

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In other ASOS plc news, insider Nicholas Robertson sold 150,000 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of GBX 5,662 ($74.72), for a total value of £8,493,000 ($11,207,442.60).

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.

Analyst Recommendations for ASOS plc (LON:ASC)

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