ASOS (LON:ASC) Price Target Raised to GBX 520

ASOS (LON:ASC) had its price objective raised by analysts at Shore Capital Group from GBX 420 to GBX 520 in a research report issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Shore Capital Group’s target price would indicate a potential upside of 25.30% from the stock’s current price.

ASC has been the subject of several other reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada boosted their price objective on shares of ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 600 target price on shares of ASOS in a research note on Thursday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, ASOS presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 419.29.

ASOS Stock Up 0.1%

LON ASC opened at GBX 415 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63. ASOS has a fifty-two week low of GBX 206.50 and a fifty-two week high of GBX 421.50. The business has a 50 day moving average price of GBX 350.17 and a two-hundred day moving average price of GBX 285.12. The stock has a market cap of £496.54 million, a PE ratio of -2.15, a P/E/G ratio of -1.26 and a beta of 2.31.

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 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.