ASOS (LON:ASC) Given a GBX 4,100 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a GBX 4,100 ($53.57) price objective on ASOS (LON:ASC) in a research report report published on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Shore Capital reaffirmed a buy rating on shares of CMC Markets in a report on Wednesday, April 3rd. Jefferies Financial Group reaffirmed a hold rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Royal Bank of Canada dropped their price objective on Patterson-UTI Energy to $21.00 and set an outperform rating on the stock in a report on Tuesday, June 18th. Barclays set a $325.00 price objective on Align Technology and gave the stock a buy rating in a report on Thursday, April 11th. Finally, Peel Hunt reaffirmed a buy rating on shares of Sumo Group in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. ASOS currently has an average rating of Buy and an average price target of GBX 4,457.31 ($58.24).

Shares of LON:ASC traded up GBX 59 ($0.77) during trading on Monday, reaching GBX 2,616 ($34.18). The company had a trading volume of 457,040 shares, compared to its average volume of 293,510. The firm’s fifty day moving average price is GBX 3,043.30. ASOS has a fifty-two week low of GBX 2,114 ($27.62) and a fifty-two week high of GBX 6,580 ($85.98). The company has a market cap of $2.19 billion and a price-to-earnings ratio of 36.08. The company has a debt-to-equity ratio of 12.69, a current ratio of 0.85 and a quick ratio of 0.11.

ASOS (LON:ASC) last announced its quarterly earnings data on Wednesday, April 10th. The company reported GBX 3.60 ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 3.10 ($0.04) by GBX 0.50 ($0.01). On average, equities research analysts expect that ASOS will post 8097.0000102 EPS for the current fiscal year.

In other ASOS news, insider Nicholas Robertson sold 410,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of GBX 3,722 ($48.63), for a total transaction of £15,260,200 ($19,940,154.19).

About ASOS

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,, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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