JPMorgan Chase & Co. Analysts Give ASOS (LON:ASC) a GBX 6,680 Price Target

JPMorgan Chase & Co. set a GBX 6,680 ($87.27) price objective on ASOS (LON:ASC) in a research report report published on Monday morning, Borsen Zeitung reports.

Several other research analysts also recently commented on the stock. Peel Hunt reaffirmed a buy rating and issued a GBX 6,500 ($84.92) price target on shares of ASOS in a research note on Monday, July 12th. Credit Suisse Group set a GBX 6,050 ($79.04) target price on shares of ASOS in a report on Thursday, July 22nd. Shore Capital restated an under review rating on shares of ASOS in a report on Monday. The Goldman Sachs Group set a GBX 5,800 ($75.78) price target on shares of ASOS in a report on Tuesday, September 7th. Finally, Jefferies Financial Group set a GBX 5,800 ($75.78) price target on shares of ASOS in a report on Friday, July 16th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of GBX 5,433.08 ($70.98).

Shares of ASC opened at GBX 2,300 ($30.05) on Monday. ASOS has a twelve month low of GBX 2,266 ($29.61) and a twelve month high of GBX 5,994.95 ($78.32). The company has a market cap of £2.30 billion and a P/E ratio of 18.33. The company has a current ratio of 1.56, a quick ratio of 0.73 and a debt-to-equity ratio of 76.61. The company’s fifty day simple moving average is GBX 3,451.36 and its 200-day simple moving average is GBX 4,389.13.

In other news, insider Ian Dyson purchased 4,500 shares of the stock in a transaction dated Tuesday, October 12th. The shares were purchased at an average price of GBX 2,317 ($30.27) per share, with a total value of £104,265 ($136,222.89).

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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