ASOS (LON:ASC) Price Target Raised to GBX 285 at JPMorgan Chase & Co.

ASOS (LON:ASC) had its price objective increased by JPMorgan Chase & Co. from GBX 240 to GBX 285 in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 26.67% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 600 target price on shares of ASOS in a research note on Monday. Shore Capital Group reiterated a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 360.17.

ASOS Stock Performance

Shares of ASC opened at GBX 225 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63. The business’s 50 day moving average price is GBX 233.46 and its 200-day moving average price is GBX 258.55. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 375.30. The stock has a market cap of £269.21 million, a P/E ratio of -1.16, a P/E/G ratio of -1.26 and a beta of 2.22.

ASOS (LON:ASC) last issued its quarterly earnings results on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. The company had revenue of GBX 111.60 billion during the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%. Equities research analysts anticipate that ASOS will post 12.4165252 earnings per share for the current fiscal year.

Insider Transactions at ASOS

In other ASOS news, insider William Barker purchased 1,627,693 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was acquired at an average price of GBX 235 per share, for a total transaction of £3,825,078.55. Insiders own 18.40% of the company’s stock.

ASOS Company Profile

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.