ASOS (LON:ASC) Price Target Raised to GBX 520

ASOS (LON:ASC) had its price target hoisted by Shore Capital Group from GBX 420 to GBX 520 in a report issued on Thursday,Digital Look reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a report on Tuesday, May 12th. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price target on shares of ASOS in a research note on Thursday. Finally, Royal Bank Of Canada increased their price objective on shares of ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, ASOS currently has a consensus rating of “Moderate Buy” and an average target price of GBX 419.29.

ASOS Trading Up 0.4%

ASC stock opened at GBX 419 on Thursday. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. ASOS has a 1-year low of GBX 206.50 and a 1-year high of GBX 421.50. The business has a 50 day simple moving average of GBX 355.89 and a two-hundred day simple moving average of GBX 286.93. The company has a market capitalization of £501.33 million, a price-to-earnings ratio of -2.17, a PEG ratio of -1.26 and a beta of 2.31.

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.