Berenberg Bank reaffirmed their buy rating on shares of ASOS (LON:ASC – Free Report) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have a GBX 940 ($11.76) price objective on the stock.
ASC has been the topic of a number of other reports. Shore Capital reissued a sell rating on shares of ASOS in a research report on Friday, May 26th. JPMorgan Chase & Co. restated a neutral rating on shares of ASOS in a research note on Tuesday, July 18th. Citigroup upgraded shares of ASOS to a buy rating and dropped their price target for the stock from GBX 780 ($9.76) to GBX 600 ($7.51) in a research note on Friday, May 19th. Finally, Liberum Capital upgraded shares of ASOS to a hold rating and dropped their price target for the stock from GBX 500 ($6.26) to GBX 470 ($5.88) in a research note on Friday, May 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of GBX 788.64 ($9.87).
ASOS Trading Up 0.7 %
Insider Buying and Selling at ASOS
In other ASOS news, insider Nicholas Robertson sold 250,389 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of GBX 401 ($5.02), for a total transaction of £1,004,059.89 ($1,256,488.41). 35.69% of the stock is owned by insiders.
ASOS Company Profile
ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.
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