ASOS.com’s (ASC) Buy Rating Reiterated at Numis Securities

ASOS.com (LON:ASC)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities in a research note issued to investors on Wednesday. They currently have a GBX 8,500 ($120.14) price target on the stock. Numis Securities’ price objective suggests a potential upside of 30.29% from the stock’s current price.

Several other brokerages also recently issued reports on ASC. Credit Suisse Group lifted their price objective on ASOS.com from GBX 5,725 ($80.92) to GBX 7,050 ($99.65) and gave the company a “neutral” rating in a research report on Monday, March 12th. Jefferies Group upgraded ASOS.com to a “buy” rating and boosted their target price for the stock from GBX 5,000 ($70.67) to GBX 9,000 ($127.21) in a research report on Tuesday, February 27th. Berenberg Bank boosted their target price on ASOS.com from GBX 6,800 ($96.11) to GBX 8,300 ($117.31) and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Goldman Sachs boosted their target price on ASOS.com from GBX 6,100 ($86.22) to GBX 7,300 ($103.18) and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Finally, Peel Hunt restated a “buy” rating and set a GBX 7,000 ($98.94) target price on shares of ASOS.com in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. ASOS.com presently has an average rating of “Buy” and a consensus price target of GBX 7,217.89 ($102.02).

Shares of ASC opened at GBX 6,524 ($92.21) on Wednesday. ASOS.com has a 52-week low of GBX 58.29 ($0.82) and a 52-week high of GBX 7,770 ($109.82).

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About ASOS.com

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.

Analyst Recommendations for ASOS.com (LON:ASC)

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