ASOS’s (ASC) Buy Rating Reiterated at JPMorgan Chase & Co.


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ASOS (LON:ASC)‘s stock had its “buy” rating reaffirmed by JPMorgan Chase & Co. in a report released on Thursday, Analyst Ratings Network reports. They currently have a GBX 6,800 ($88.84) price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 19.31% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Bank of America raised ASOS to a “buy” rating and raised their price objective for the company from GBX 4,000 ($52.26) to GBX 5,800 ($75.78) in a research report on Tuesday, February 9th. UBS Group reaffirmed a “neutral” rating and issued a GBX 4,800 ($62.71) price objective on shares of ASOS in a research report on Wednesday, January 13th. Barclays reiterated a “neutral” rating and set a GBX 5,750 ($75.12) price objective on shares of ASOS in a research note on Monday, February 22nd. Jefferies Financial Group set a GBX 6,500 ($84.92) target price on shares of ASOS and gave the company a “buy” rating in a research note on Thursday. Finally, Shore Capital reaffirmed a “hold” rating on shares of ASOS in a research report on Tuesday, February 16th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 5,975.27 ($78.07).

Shares of LON:ASC traded down GBX 88.72 ($1.16) on Thursday, reaching GBX 5,699.28 ($74.46). The company had a trading volume of 247,775 shares, compared to its average volume of 305,992. The firm has a market capitalization of £5.69 billion and a PE ratio of 45.37. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 38.64. ASOS has a 52-week low of GBX 2,016 ($26.34) and a 52-week high of GBX 5,994.95 ($78.32). The firm’s 50 day simple moving average is GBX 5,594.88 and its 200-day simple moving average is GBX 5,007.58.

In other news, insider Luke Jensen bought 1,995 shares of the firm’s stock in a transaction that occurred on Thursday, February 4th. The stock was purchased at an average price of GBX 5,002 ($65.35) per share, with a total value of £99,789.90 ($130,376.14).

About ASOS

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 Russia. It offers womenswear and menswear products. The company sells approximately 85,000 products under the ASOS Design, ASOS Edition, ASOS 4505, and Collusion brands, a well as other global and local third-party brands products primarily through its website, asos.com, as well as through social media platforms.

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Analyst Recommendations for ASOS (LON:ASC)

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