ASOS (LON:ASC) Receives “Buy” Rating from Numis Securities

Numis Securities restated their buy rating on shares of ASOS (LON:ASC) in a research note released on Wednesday, October 17th. They currently have a GBX 8,500 ($111.07) price target on the stock.

Several other equities research analysts have also recently issued reports on the stock. Shore Capital reaffirmed a buy rating on shares of ASOS in a research note on Wednesday, October 17th. Liberum Capital reaffirmed a buy rating and set a GBX 5,000 ($65.33) target price on shares of ASOS in a research note on Wednesday, October 17th. Peel Hunt reaffirmed a buy rating on shares of ASOS in a research note on Wednesday, October 17th. Royal Bank of Canada reissued a top pick rating on shares of ASOS in a research report on Monday, October 15th. Finally, Credit Suisse Group cut shares of ASOS to an underperform rating and upped their target price for the company from GBX 5,725 ($74.81) to GBX 5,750 ($75.13) in a research report on Wednesday, September 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. ASOS currently has a consensus rating of Buy and an average target price of GBX 7,217.76 ($94.31).

LON ASC remained flat at $GBX 5,700 ($74.48) on Wednesday. 480,224 shares of the company traded hands, compared to its average volume of 293,510. ASOS has a 12 month low of GBX 58.29 ($0.76) and a 12 month high of GBX 7,770 ($101.53).

In related news, insider Nick Beighton sold 22,808 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of GBX 5,448 ($71.19), for a total transaction of £1,242,579.84 ($1,623,650.65).

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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