ASOS (LON:ASC – Get Free Report)‘s stock had its “equal weight” rating reissued by analysts at Barclays in a research note issued on Thursday, MarketBeat Ratings reports.
A number of other brokerages have also issued reports on ASC. Shore Capital reaffirmed a “sell” rating on shares of ASOS in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 500 ($6.22) price target on shares of ASOS in a report on Thursday. Finally, Berenberg Bank decreased their price objective on shares of ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 466.25 ($5.80).
Check Out Our Latest Analysis on ASOS
ASOS Trading Down 0.4 %
Insiders Place Their Bets
In other ASOS news, insider William Barker purchased 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of GBX 365 ($4.54) per share, with a total value of £47,450 ($59,068.84). 50.18% of the stock is currently owned by corporate 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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