ASOS (LON:ASC) had its target price upped by Royal Bank of Canada from GBX 3,300 ($43.12) to GBX 3,900 ($50.96) in a research note published on Monday morning, Borsen Zeitung reports. The firm currently has an outperform rating on the stock.
Several other research firms have also weighed in on ASC. HSBC set a GBX 2,430 ($31.75) price objective on shares of ASOS and gave the company a neutral rating in a research note on Thursday, July 25th. Peel Hunt reiterated a hold rating and issued a GBX 3,000 ($39.20) price objective on shares of ASOS in a research note on Tuesday, October 15th. Morgan Stanley reiterated an equal weight rating on shares of ASOS in a research note on Monday, October 14th. JPMorgan Chase & Co. set a GBX 3,800 ($49.65) price objective on shares of ASOS and gave the company a neutral rating in a research note on Wednesday, October 16th. Finally, Peel Hunt reiterated a hold rating and issued a GBX 3,000 ($39.20) price objective on shares of ASOS in a research note on Monday, October 14th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 3,386.88 ($44.26).
ASOS stock opened at GBX 3,607 ($47.13) on Monday. The firm has a market cap of $3.07 billion and a PE ratio of 49.75. The company has a debt-to-equity ratio of 12.69, a quick ratio of 0.11 and a current ratio of 0.85. The firm’s 50 day moving average price is GBX 2,675.88 and its two-hundred day moving average price is GBX 2,953.45. ASOS has a twelve month low of GBX 2,033 ($26.56) and a twelve month high of GBX 6,152 ($80.39).
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, asos.com, as well as through social media platforms and magazines.
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