Numis Securities Ltd Reaffirms Buy Rating for ASOS plc (ASC)
ASOS plc (LON:ASC)‘s stock had its “buy” rating restated by equities researchers at Numis Securities Ltd in a note issued to investors on Tuesday. They currently have a GBX 6,500 ($79.22) price target on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 21.91% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Societe Generale upgraded shares of ASOS plc to a ” buy” rating in a report on Monday, July 18th. Royal Bank Of Canada reiterated a ” outperform” rating and set a GBX 4,500 ($54.84) price target on shares of ASOS plc in a report on Monday, July 11th. BNP Paribas reiterated a ” outperform” rating and set a GBX 4,660 ($56.79) price target on shares of ASOS plc in a report on Monday, September 12th. Liberum Capital increased their price target on shares of ASOS plc from GBX 3,700 ($45.09) to GBX 4,800 ($58.50) and gave the company a “buy” rating in a report on Tuesday, July 5th. Finally, Shore Capital reiterated a “buy” rating on shares of ASOS plc in a report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 4,648.42 ($56.65).
ASOS plc (LON:ASC) traded down 7.18% on Tuesday, hitting GBX 4949.00. 1,780,260 shares of the stock were exchanged. The firm’s market cap is GBX 4.11 billion. ASOS plc has a 12 month low of GBX 2,557.00 and a 12 month high of GBX 5,474.00. The company has a 50-day moving average of GBX 4,812.25 and a 200 day moving average of GBX 4,165.26.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/asos-plc-asc-stock-rating-reaffirmed-by-numis-securities-ltd.html
ASOS plc Company Profile
ASOS Plc is a United Kingdom-based global online fashion destination .The Company sell cutting-edge fast fashion and offers a variety offashion-related content, making ASOS.com the hub of a thriving fashion community. It sell 75,000 branded and own-brand products through localized mobile and web experiences, delivering from United Kingdom(UK) hub to almost every country in the world.
Receive News & Ratings for ASOS plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASOS plc and related companies with MarketBeat.com's FREE daily email newsletter.