ASOS Plc (ASC) Given New GBX 5,725 Price Target at Credit Suisse Group AG

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

A number of other equities analysts have also recently issued reports on ASC. Deutsche Bank AG restated a hold rating and set a GBX 6,000 ($78.92) target price on shares of ASOS Plc in a report on Friday, September 8th. Barclays PLC restated an overweight rating and set a GBX 6,670 ($87.73) target price on shares of ASOS Plc in a report on Tuesday, August 1st. Peel Hunt restated a buy rating and set a GBX 7,000 ($92.07) target price on shares of ASOS Plc in a report on Friday, September 15th. restated a hold rating and set a GBX 6,250 ($82.20) target price on shares of ASOS Plc in a report on Friday, July 21st. Finally, Macquarie restated an outperform rating and set a GBX 7,000 ($92.07) target price on shares of ASOS Plc in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 6,241.13 ($82.09).

Shares of ASOS Plc (LON ASC) traded up GBX 78 ($1.03) during mid-day trading on Monday, reaching GBX 5,692 ($74.87). The company had a trading volume of 342,901 shares, compared to its average volume of 570,928. ASOS Plc has a 1 year low of GBX 4,574 ($60.16) and a 1 year 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 the business’s 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 the business’s 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).

About ASOS Plc

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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