ASOS plc (LON:ASC) Rating Reiterated by Numis Securities Ltd

ASOS plc (LON:ASC)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a report released on Wednesday. They currently have a GBX 7,250 ($94.41) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 21.64% from the stock’s current price.

Other research analysts have also issued research 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 report 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 report on Wednesday, April 19th. Berenberg Bank reissued a “buy” rating and issued a GBX 6,500 ($84.65) target price on shares of ASOS plc in a research report on Monday, May 15th. Citigroup Inc. reissued a “buy” rating and issued a GBX 7,000 ($91.16) target price on shares of ASOS plc in a research report on Wednesday, May 10th. Finally, Shore Capital reissued a “buy” rating on shares of ASOS plc in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 6,192.35 ($80.64).

Shares of ASOS plc (LON ASC) opened at 5844.00 on Wednesday. The firm has a 50-day moving average price of GBX 5,789.68 and a 200-day moving average price of GBX 5,766.38. ASOS plc has a one year low of GBX 4,069.00 and a one year high of GBX 6,497.00. The company’s market capitalization is GBX 4.85 billion.

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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.

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