ASOS (ASC) Earns “Buy” Rating from Numis Securities

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ASOS (LON:ASC)‘s stock had its “buy” rating reiterated by investment analysts at Numis Securities in a research report issued to clients and investors on Wednesday. They presently have a GBX 8,500 ($111.07) price target on the stock. Numis Securities’ price target suggests a potential upside of 45.45% from the stock’s previous close.

ASC has been the subject of a number of other research reports. Credit Suisse Group downgraded shares of ASOS to an “underperform” rating and upped their price objective for the stock from GBX 5,725 ($74.81) to GBX 5,750 ($75.13) in a research report on Wednesday, September 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 8,300 ($108.45) price target on shares of ASOS in a report on Thursday, June 28th. Barclays reiterated an “overweight” rating on shares of ASOS in a report on Friday, July 13th. UBS Group reiterated a “buy” rating on shares of ASOS in a report on Wednesday, July 4th. Finally, Shore Capital reiterated a “buy” rating on shares of ASOS in a report on Thursday, September 27th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 7,191.78 ($93.97).

ASOS stock traded up GBX 844 ($11.03) during trading hours on Wednesday, reaching GBX 5,844 ($76.36). 1,653,763 shares of the stock were exchanged, compared to its average volume of 293,510. ASOS has a 52-week low of GBX 58.29 ($0.76) and a 52-week high of GBX 7,770 ($101.53).

ASOS Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, and the Russian Federation. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and own-labeled products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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