Shares of ASOS Plc (LON:ASC – Get Free Report) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 443.33 ($5.63).
A number of research analysts recently commented on ASC shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 500 ($6.35) price objective on shares of ASOS in a research note on Thursday, April 18th. Berenberg Bank lowered their target price on ASOS from GBX 510 ($6.48) to GBX 490 ($6.23) and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Shore Capital reiterated a “sell” rating on shares of ASOS in a research report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of ASOS from GBX 350 ($4.45) to GBX 300 ($3.81) and set a “neutral” rating for the company in a report on Thursday, April 18th. Finally, Barclays reissued an “equal weight” rating on shares of ASOS in a research note on Thursday, April 18th.
Read Our Latest Report on ASOS
ASOS Price Performance
Insiders Place Their Bets
In related news, insider William Barker purchased 180,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of GBX 341 ($4.33) per share, for a total transaction of £613,800 ($779,923.76). 50.41% of the stock is currently owned by company insiders.
ASOS Company Profile
ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and internationally. 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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