UBS Group Boosts ASOS (LON:ASC) Price Target to GBX 3,200

ASOS (LON:ASC) had its price objective raised by UBS Group from GBX 2,800 ($36.59) to GBX 3,200 ($41.81) in a research note released on Tuesday, Borsen Zeitung reports. UBS Group currently has a neutral rating on the stock.

ASC has been the topic of a number of other reports. Jefferies Financial Group lowered ASOS to an underperform rating and dropped their price target for the stock from GBX 3,500 ($45.73) to GBX 2,000 ($26.13) in a report on Thursday, August 15th. Shore Capital reiterated a sell rating on shares of ASOS in a report on Friday, October 11th. Morgan Stanley reiterated an equal weight rating on shares of ASOS in a report on Monday, October 14th. Citigroup dropped their price target on ASOS from GBX 5,200 ($67.95) to GBX 4,200 ($54.88) and set a buy rating on the stock in a report on Friday, July 26th. Finally, Goldman Sachs Group set a GBX 3,200 ($41.81) price target on ASOS and gave the stock a buy rating in a report on Wednesday, October 16th. Three 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 currently has an average rating of Hold and an average price target of GBX 3,386.88 ($44.26).

Shares of ASOS stock opened at GBX 3,600 ($47.04) on Tuesday. The business’s fifty day simple moving average is GBX 2,675.88 and its 200 day simple moving average is GBX 2,953.45. The firm has a market capitalization of $3.07 billion and a P/E ratio of 49.66. ASOS has a 12 month low of GBX 2,033 ($26.56) and a 12 month high of GBX 6,152 ($80.39). The company has a current ratio of 0.85, a quick ratio of 0.11 and a debt-to-equity ratio of 12.69.

ASOS Company Profile

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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Analyst Recommendations for ASOS (LON:ASC)

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