JPMorgan Chase & Co. restated their neutral rating on shares of ASOS (LON:ASC) in a report issued on Thursday, Borsen Zeitung reports. The firm currently has a GBX 3,800 ($49.99) price target on the stock.

Several other equities research analysts also recently weighed in on the company. HSBC upgraded ASOS to a buy rating and upped their price target for the stock from GBX 3,560 ($46.83) to GBX 3,615 ($47.55) in a report on Tuesday, December 10th. Goldman Sachs Group upped their target price on shares of ASOS from GBX 3,800 ($49.99) to GBX 3,900 ($51.30) and gave the stock a buy rating in a research note on Thursday. Liberum Capital restated a hold rating and set a GBX 2,800 ($36.83) target price on shares of ASOS in a research note on Thursday. Credit Suisse Group upped their target price on shares of ASOS from GBX 3,650 ($48.01) to GBX 4,000 ($52.62) and gave the stock an outperform rating in a research note on Friday, January 17th. Finally, Shore Capital restated a hold rating on shares of ASOS in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 3,450.59 ($45.39).

Shares of LON ASC opened at GBX 3,136 ($41.25) on Thursday. The stock’s 50-day moving average is GBX 3,206.30 and its two-hundred day moving average is GBX 2,848.51. The company has a debt-to-equity ratio of 19.95, a current ratio of 0.81 and a quick ratio of 0.07. ASOS has a 1-year low of GBX 2,033 ($26.74) and a 1-year high of GBX 4,090 ($53.80). The company has a market cap of $2.67 billion and a price-to-earnings ratio of 106.67.

In other ASOS news, insider Nick Beighton sold 3,140 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of GBX 3,459 ($45.50), for a total value of £108,612.60 ($142,873.72). Also, insider Mathew Dunn sold 9,433 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of GBX 3,047 ($40.08), for a total transaction of £287,423.51 ($378,089.33).

ASOS Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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