Published On: Thu, Jan 12th, 2017

Numis Indicates Potential 21.22% Increase In Shares Of ASOS Plc


On Thursday Numis reiterated its broker consensus on shares of ASOS Plc (LON:ASC) giving the company a ‘Buy’ rating.

Numis gave shares of ASOS Plc a price target of 6500 indicating a potential increase of 21.22% from ASOS Plc’s current price of 5362.

LON:ASC


In the prior 12 months ASOS Plc’s stock price has increased by 71.64% from 3124 to 5362.

ASOS Plc has 83,034,000 shares in issue which have a share price of 5362 giving ASOS Plc a market capitalisation of 4.45B GBp .

The 52 week high of ASOS Plc’s shares is 5500 whilst the 52 week low for the company’s shares is 2557. The 50 day moving average of LON:ASC is 4938.51 and the 200 day moving average is 4739.52.

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. It offers approximately 75,000 separate clothing ranges, spanning women’s wear and menswear, footwear and accessories, alongside its jewelry and beauty collections. The Company’s collection of specialist own-label lines includes ASOS Curve, ASOS Maternity, ASOS Tall and ASOS Petite. The Company caters a range of customer segments and sizes, across all categories and price points. It also operates returns centers in Australia and Poland. It operates country-specific Websites in Australia, France, Germany, Italy, Spain, Russia and the Unites States.