ASOS (LON:ASC) Stock Rating Reaffirmed by Berenberg Bank

ASOS (LON:ASC)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a report released on Monday, December 18th. They currently have a GBX 6,800 ($92.22) price target on the stock. Berenberg Bank’s price objective indicates a potential downside of 0.70% from the company’s current price.

Several other equities research analysts have also issued reports on ASC. Shore Capital Group reaffirmed a “buy” rating on shares of ASOS in a research note on Thursday, November 2nd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 6,400 ($86.79) price objective on shares of ASOS in a research note on Tuesday, October 17th. Shore Capital reaffirmed a “buy” rating on shares of ASOS in a research note on Wednesday, October 11th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 6,000 ($81.37) price objective on shares of ASOS in a research note on Monday, October 2nd. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of ASOS in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. ASOS currently has an average rating of “Buy” and an average price target of GBX 6,354.47 ($86.17).

Shares of ASOS (ASC) traded up GBX 2.99 ($0.04) on Monday, reaching GBX 6,894.99 ($93.50). 155,915 shares of the company traded hands, compared to its average volume of 209,474. ASOS has a 12-month low of GBX 58.29 ($0.79) and a 12-month high of GBX 6,970 ($94.52). The company has a market cap of $5,770.00 and a P/E ratio of 9,072.36.

In other news, insider Nicholas Robertson sold 150,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of GBX 5,662 ($76.78), for a total transaction of £8,493,000 ($11,517,493.90). Also, insider Helen Jane Ashton sold 6,081 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($77.08), for a total transaction of £345,644.04 ($468,733.44).

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About ASOS

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 (LON:ASC)

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