ASOS (ASC) Given “Hold” Rating at Deutsche Bank

Deutsche Bank reiterated their hold rating on shares of ASOS (LON:ASC) in a report published on Friday, December 8th. Deutsche Bank currently has a GBX 5,800 ($77.55) price target on the stock.

A number of other research firms have also issued reports on ASC. Liberum Capital reaffirmed a buy rating and set a GBX 6,400 ($85.57) target price on shares of ASOS in a report on Tuesday, October 17th. Barclays reaffirmed an overweight rating on shares of ASOS in a report on Wednesday, October 18th. Credit Suisse Group reaffirmed an underperform rating and set a GBX 5,300 ($70.87) target price on shares of ASOS in a report on Friday, September 1st. Macquarie reaffirmed an outperform rating and set a GBX 7,000 ($93.60) target price on shares of ASOS in a report on Thursday, October 19th. Finally, Shore Capital reaffirmed a buy rating on shares of ASOS in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 6,354.47 ($84.96).

Shares of ASOS (LON:ASC) traded up GBX 149 ($1.99) on Friday, hitting GBX 6,864 ($91.78). The stock had a trading volume of 458,769 shares, compared to its average volume of 221,552. The firm has a market capitalization of $5,470.00 and a price-to-earnings ratio of 9,031.58. ASOS has a 52 week low of GBX 58.29 ($0.78) and a 52 week high of GBX 6,722 ($89.88).

In other ASOS news, insider Nicholas Robertson sold 150,000 shares of ASOS stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of GBX 5,662 ($75.71), for a total value of £8,493,000 ($11,355,796.23). Also, insider Helen Jane Ashton sold 6,081 shares of ASOS stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($76.00), for a total value of £345,644.04 ($462,152.75).

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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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