Numis Securities Reiterates Buy Rating for ASOS (ASC)

ASOS (LON:ASC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities in a research report issued to clients and investors on Thursday. They presently have a GBX 8,500 ($115.27) target price on the stock. Numis Securities’ price target suggests a potential upside of 13.79% from the stock’s current price.

ASC has been the subject of several other research reports. Morgan Stanley lowered ASOS to an “underweight” rating and dropped their price objective for the company from GBX 5,170 ($70.11) to GBX 5,000 ($67.81) in a research note on Friday, December 8th. Shore Capital reissued a “buy” rating on shares of ASOS in a research note on Wednesday, October 11th. Credit Suisse Group lifted their price objective on ASOS from GBX 5,600 ($75.94) to GBX 5,725 ($77.64) and gave the company a “neutral” rating in a research note on Monday, November 13th. Peel Hunt reissued a “buy” rating and set a GBX 7,000 ($94.93) price objective on shares of ASOS in a research note on Wednesday, November 29th. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 5,800 ($78.65) price objective on shares of ASOS in a research note on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 6,591.13 ($89.38).

ASOS (LON ASC) traded up GBX 390 ($5.29) during trading hours on Thursday, reaching GBX 7,470 ($101.30). The company had a trading volume of 382,735 shares, compared to its average volume of 224,170. The company has a market capitalization of $6,250.00 and a price-to-earnings ratio of 9,828.95. ASOS has a 12 month low of GBX 58.29 ($0.79) and a 12 month high of GBX 7,470 ($101.30).

In other news, insider Helen Jane Ashton sold 6,081 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of GBX 5,684 ($77.08), for a total value of £345,644.04 ($468,733.44).

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About ASOS

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.

Analyst Recommendations for ASOS (LON:ASC)

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