ASOS Plc (ASC.L) – What Are Researchers Thinking About This Stock?

ASOS Plc (LON:ASC) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 440.71.

Several research analysts have recently issued reports on the company. Shore Capital Group raised ASOS to a “buy” rating and set a GBX 520 price target for the company in a research note on Thursday, September 24th. JPMorgan Chase & Co. raised their price target on ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Royal Bank Of Canada lifted their price objective on shares of ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Finally, Berenberg Bank lifted their price objective on shares of ASOS from GBX 600 to GBX 750 and gave the company a “buy” rating in a research note on Thursday, September 24th.

ASOS Stock Up 2.9%

Shares of ASOS stock opened at GBX 468.49 on Friday. The business’s fifty day moving average price is GBX 430.82 and its two-hundred day moving average price is GBX 331.30. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. The company has a market capitalization of £560.55 million, a P/E ratio of -2.42, a PEG ratio of -1.26 and a beta of 2.32. ASOS has a 1-year low of GBX 206.50 and a 1-year high of GBX 517.

About ASOS

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.