ASOS (LON:ASC) Given “Neutral” Rating at UBS Group

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UBS Group reissued their neutral rating on shares of ASOS (LON:ASC) in a report published on Tuesday, Borsen Zeitung reports. They currently have a GBX 2,800 ($36.59) price objective on the stock.

Several other analysts also recently issued reports on the company. Credit Suisse Group set a GBX 3,450 ($45.08) price target on ASOS and gave the company a buy rating in a research note on Wednesday, September 4th. HSBC set a GBX 2,430 ($31.75) price target on ASOS and gave the company a neutral rating in a research note on Thursday, July 25th. Barclays downgraded ASOS to an equal weight rating and reduced their price target for the company from GBX 4,200 ($54.88) to GBX 2,750 ($35.93) in a research note on Friday, July 19th. Royal Bank of Canada reduced their price target on ASOS from GBX 4,400 ($57.49) to GBX 3,300 ($43.12) and set an outperform rating for the company in a research note on Tuesday, July 23rd. Finally, Berenberg Bank downgraded ASOS to a hold rating and reduced their price target for the company from GBX 4,000 ($52.27) to GBX 2,500 ($32.67) in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 3,209.19 ($41.93).

ASC opened at GBX 2,338 ($30.55) on Tuesday. The business has a fifty day simple moving average of GBX 2,440.98 and a 200 day simple moving average of GBX 3,000.37. The company has a market capitalization of $1.97 billion and a PE ratio of 32.25. ASOS has a 1 year low of GBX 2,033 ($26.56) and a 1 year high of GBX 6,152 ($80.39). The company has a debt-to-equity ratio of 12.69, a current ratio of 0.85 and a quick ratio of 0.11.

In related news, insider Adam Crozier acquired 4,200 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was purchased at an average cost of GBX 2,384 ($31.15) per share, with a total value of £100,128 ($130,834.97).

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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