Morgan Stanley lowered shares of ASOS (LON:ASC) to an underweight rating in a research report released on Friday. They currently have GBX 5,000 ($67.29) price objective on the stock, down from their prior price objective of GBX 5,170 ($69.58).
Other equities analysts have also issued reports about the company. Shore Capital Group restated a buy rating on shares of ASOS in a research note on Thursday, November 2nd. Berenberg Bank restated a buy rating and set a GBX 6,800 ($91.52) price target on shares of ASOS in a research note on Thursday, November 2nd. Peel Hunt restated a buy rating and set a GBX 7,000 ($94.21) price target on shares of ASOS in a research note on Wednesday, November 29th. Liberum Capital restated a buy rating and set a GBX 6,400 ($86.14) price target on shares of ASOS in a research note on Tuesday, October 17th. Finally, Shore Capital restated a buy rating on shares of ASOS in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 6,154.47 ($82.83).
ASOS (ASC) traded down GBX 6.73 ($0.09) during trading on Friday, hitting GBX 6,019.27 ($81.01). The stock had a trading volume of 261,553 shares, compared to its average volume of 367,392. ASOS has a twelve month low of GBX 58.29 ($0.78) and a twelve month high of GBX 6,497 ($87.44).
In related news, insider Nicholas Robertson sold 150,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of GBX 5,662 ($76.20), for a total value of £8,493,000 ($11,430,686.41). Also, insider Helen Jane Ashton sold 6,081 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of GBX 5,684 ($76.50), for a total transaction of £345,644.04 ($465,200.59).
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.
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