Numis Securities Ltd Reaffirms Buy Rating for ASOS plc (LON:ASC)
Numis Securities Ltd restated their buy rating on shares of ASOS plc (LON:ASC) in a research report released on Wednesday morning, Marketbeat reports. They currently have a GBX 7,250 ($94.41) target price on the stock.
Other equities research analysts have also recently issued reports about the company. Peel Hunt increased their target price on ASOS plc from GBX 5,800 ($75.53) to GBX 7,000 ($91.16) and gave the stock a buy rating in a research note on Wednesday, July 5th. Liberum Capital increased their target price on ASOS plc from GBX 5,900 ($76.83) to GBX 6,400 ($83.34) and gave the stock a buy rating in a research note on Wednesday, April 19th. Berenberg Bank reaffirmed a buy rating and set a GBX 6,500 ($84.65) price objective on shares of ASOS plc in a research report on Monday, May 15th. Citigroup Inc. reaffirmed a buy rating and set a GBX 7,000 ($91.16) price objective on shares of ASOS plc in a research report on Wednesday, May 10th. Finally, Shore Capital reaffirmed a buy rating on shares of ASOS plc in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of GBX 6,192.35 ($80.64).
ASOS plc (LON:ASC) opened at 5786.00 on Wednesday. ASOS plc has a 12-month low of GBX 4,069.00 and a 12-month high of GBX 6,497.00. The firm’s 50-day moving average is GBX 5,788.95 and its 200-day moving average is GBX 5,771.02. The stock’s market capitalization is GBX 4.80 billion.
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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.
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