JPMorgan Chase & Co. Issues Positive Forecast for ASOS (LON:ASC) Stock Price

ASOS (LON:ASC) had its price objective raised by JPMorgan Chase & Co. from GBX 285 to GBX 330 in a report released on Thursday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 4.76% from the company’s current price.

A number of other brokerages have also recently issued reports on ASC. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Berenberg Bank reiterated a “buy” rating and set a GBX 600 target price on shares of ASOS in a research report on Wednesday. Finally, Shore Capital Group reissued a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 371.83.

ASOS Price Performance

LON:ASC opened at GBX 315 on Thursday. The firm’s 50-day simple moving average is GBX 258.73 and its 200 day simple moving average is GBX 264.16. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 375.30. The firm has a market cap of £376.89 million, a price-to-earnings ratio of -1.63, a P/E/G ratio of -1.26 and a beta of 2.27. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95.

ASOS (LON:ASC) last announced its earnings results on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%.The business had revenue of GBX 111.60 billion for the quarter. As a group, sell-side analysts predict that ASOS will post 12.4165252 earnings per share for the current year.

Insider Buying and Selling at ASOS

In other ASOS news, insider William Barker purchased 15,779 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average price of GBX 258 per share, with a total value of £40,709.82. In the last quarter, insiders have bought 1,733,163 shares of company stock valued at $407,118,076. Corporate insiders own 19.82% 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.