ASOS (LON:ASC) Price Target Raised to GBX 400

ASOS (LON:ASC) had its target price hoisted by Royal Bank Of Canada from GBX 275 to GBX 400 in a research report report published on Wednesday morning,Digital Look reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also recently weighed in on ASC. JPMorgan Chase & Co. increased their price objective on ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Shore Capital Group reaffirmed a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 600 price objective on shares of ASOS in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 375.86.

ASOS Stock Performance

Shares of ASC opened at GBX 393 on Wednesday. The company has a market capitalization of £470.22 million, a PE ratio of -2.03, a price-to-earnings-growth ratio of -1.26 and a beta of 2.28. The company’s fifty day moving average price is GBX 318.91 and its 200 day moving average price is GBX 277.66. ASOS has a one year low of GBX 206.50 and a one year high of GBX 400. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39.

Insiders Place Their Bets

In related news, insider William Barker acquired 15,779 shares of the stock in a transaction on Thursday, May 28th. The stock was purchased at an average price of GBX 258 per share, for a total transaction of £40,709.82. 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.