Credit Suisse Group Boosts ASOS Plc (ASC) Price Target to GBX 5,725

ASOS Plc (LON:ASC) had its price objective increased by Credit Suisse Group from GBX 5,600 ($73.66) to GBX 5,725 ($75.30) in a research report report published on Monday. Credit Suisse Group currently has a neutral rating on the stock.

Several other research analysts have also commented on the company. Berenberg Bank reissued a buy rating and issued a GBX 6,800 ($89.44) price objective on shares of ASOS Plc in a research report on Thursday, November 2nd. Shore Capital restated a buy rating on shares of ASOS Plc in a research note on Thursday, November 2nd. Macquarie restated an outperform rating and set a GBX 7,000 ($92.07) target price on shares of ASOS Plc in a research note on Thursday, October 19th. Beaufort Securities restated a buy rating on shares of ASOS Plc in a research note on Wednesday, October 18th. Finally, Barclays PLC restated an overweight rating on shares of ASOS Plc in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 6,241.13 ($82.09).

ASOS Plc (LON ASC) opened at GBX 5,695 ($74.90) on Monday. ASOS Plc has a 52-week low of GBX 4,574 ($60.16) and a 52-week high of GBX 6,497 ($85.45).

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In other ASOS Plc news, insider Helen Jane Ashton sold 6,081 shares of ASOS Plc stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($74.76), for a total value of £345,644.04 ($454,615.34). Also, insider Nicholas Robertson sold 150,000 shares of ASOS Plc stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of GBX 5,662 ($74.47), for a total value of £8,493,000 ($11,170,590.56).

ASOS Plc 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.

Analyst Recommendations for ASOS Plc (LON:ASC)

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