ASOS plc (LON:ASC) Given Buy Rating at Beaufort Securities

Beaufort Securities reiterated their buy rating on shares of ASOS plc (LON:ASC) in a research note published on Wednesday, October 18th.

A number of other equities analysts also recently weighed in on ASC. Numis Securities Ltd reissued a buy rating and issued a GBX 7,250 ($95.67) price target on shares of ASOS plc in a report on Wednesday, August 9th. Liberum Capital restated a buy rating and issued a GBX 6,400 ($84.46) price objective on shares of ASOS plc in a research note on Tuesday, October 17th. Peel Hunt restated a buy rating and issued a GBX 7,000 ($92.37) price objective on shares of ASOS plc in a research note on Thursday, July 13th. Shore Capital restated a buy rating on shares of ASOS plc in a research note on Tuesday, August 8th. Finally, Deutsche Bank AG lowered their price objective on ASOS plc from GBX 6,000 ($79.18) to GBX 5,800 ($76.54) and set a hold rating on the stock in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. ASOS plc presently has a consensus rating of Buy and a consensus target price of GBX 6,232.80 ($82.25).



Shares of ASOS plc (LON:ASC) traded up 1.11% during mid-day trading on Wednesday, reaching GBX 5822.00. 484,012 shares of the company were exchanged. The stock’s market capitalization is GBX 4.83 billion. The firm has a 50-day moving average price of GBX 5,761.00 and a 200 day moving average price of GBX 5,868.92. ASOS plc has a 12 month low of GBX 4,574.00 and a 12 month high of GBX 6,497.00.

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In other news, insider Nicholas Robertson sold 150,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of GBX 5,662 ($74.72), for a total transaction 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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