ASOS Plc (LON:ASC) Receives GBX 419.29 Average Price Target from Analysts

Shares of ASOS Plc (LON:ASC) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 419.29.

Several research firms recently issued reports on ASC. Shore Capital Group boosted their price target on ASOS from GBX 420 to GBX 520 and gave the company a “buy” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. lifted their target price on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research report on Thursday, August 27th. Finally, Royal Bank Of Canada upped their price target 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.

ASOS Price Performance

Shares of LON ASC opened at GBX 432.60 on Wednesday. The firm has a market cap of £517.60 million, a P/E ratio of -2.24, a price-to-earnings-growth ratio of -1.26 and a beta of 2.32. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. ASOS has a 1-year low of GBX 206.50 and a 1-year high of GBX 440. The business’s 50 day moving average is GBX 393 and its 200-day moving average is GBX 303.14.

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.