Peel Hunt Reiterates “Buy” Rating for ASOS (ASC)
ASOS (LON:ASC)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Wednesday. They presently have a GBX 7,000 ($93.75) price objective on the stock. Peel Hunt’s price target suggests a potential upside of 16.49% from the stock’s current price.
Several other research firms have also commented on ASC. Shore Capital restated a “buy” rating on shares of ASOS in a report on Thursday, November 2nd. Deutsche Bank restated a “hold” rating and set a GBX 6,000 ($80.35) price target on shares of ASOS in a research note on Friday, September 8th. Barclays restated an “overweight” rating and set a GBX 6,670 ($89.33) price target on shares of ASOS in a research note on Tuesday, August 1st. Credit Suisse Group upped their price target on shares of ASOS from GBX 5,600 ($75.00) to GBX 5,725 ($76.67) and gave the company a “neutral” rating in a research note on Monday, November 13th. Finally, Macquarie restated an “outperform” rating and set a GBX 7,000 ($93.75) price target on shares of ASOS in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 6,241.13 ($83.58).
Shares of ASOS (ASC) traded down £5,999.75 ($8,035.02) during mid-day trading on Wednesday, reaching GBX 6,025 ($80.69). 254,418 shares of the company traded hands, compared to its average volume of 471,750. ASOS has a 52 week low of GBX 58.29 ($0.78) and a 52 week high of GBX 6,497 ($87.01).
In other news, insider Nicholas Robertson sold 150,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of GBX 5,662 ($75.83), for a total value of £8,493,000 ($11,374,045.80). Also, insider Helen Jane Ashton sold 6,081 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of GBX 5,684 ($76.12), for a total transaction of £345,644.04 ($462,895.46).
ASOS 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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