ASOS (LON:ASC) Earns Buy Rating from Shore Capital Group

ASOS (LON:ASC)‘s stock had its “buy” rating restated by stock analysts at Shore Capital Group in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 520 target price on the stock. Shore Capital Group‘s price target would indicate a potential upside of 24.85% from the stock’s current price.

ASC has been the topic of several other reports. Royal Bank Of Canada raised their target price 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. Berenberg Bank reissued a “buy” rating and set a GBX 750 price target on shares of ASOS in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ASOS has a consensus rating of “Moderate Buy” and an average target price of GBX 453.57.

ASOS Stock Performance

Shares of ASC stock opened at GBX 416.50 on Thursday. The company has a market capitalization of £498.34 million, a price-to-earnings ratio of -2.16, a PEG ratio of -1.26 and a beta of 2.32. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95. The company has a 50-day simple moving average of GBX 443.17 and a 200 day simple moving average of GBX 327.50. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 517.

ASOS (LON:ASC) last announced its quarterly earnings results on Thursday, November 5th. The company reported GBX 41.60 EPS for the quarter. The business had revenue of GBX 224.56 billion for the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. On average, sell-side analysts predict that ASOS will post 12.42 earnings per share for the current year.

Trending Headlines about ASOS

Here are the key news stories impacting ASOS this week:

• Positive Sentiment: ASOS swung to an annual pre-tax profit as its turnaround strategy began to show results. Quarterly sales returned to growth, while FY2026 EBITDA rose 29% to £170.3 million. The company also provided FY2027 guidance. ASOS Swings To Annual Pre-tax Profit, Provides FY27 Guidance
• Positive Sentiment: Deutsche Bank upgraded ASOS to “buy” and raised its price target to GBX 490 from GBX 450, citing the company’s recovery. Shore Capital and Berenberg also reaffirmed “buy” ratings, with targets of GBX 520 and GBX 750, respectively. ASOS recovery prompts Deutsche Bank upgrade, but Panmure Liberum remains cautious
• Neutral Sentiment: Deutsche Bank’s more positive stance is not shared across the market: Panmure Liberum remains cautious, highlighting mixed analyst expectations for the recovery. ASOS recovery prompts Deutsche Bank upgrade, but Panmure Liberum remains cautious
• Negative Sentiment: A cyberattack disrupted trading and weighed on the business, presenting a near-term headwind even as sales and margins improved. ASOS returns to growth as annual losses narrow and cyberattack disruption weighs on trading

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.