ASOS (LON:ASC) has been assigned a GBX 3,200 ($41.81) price target by equities researchers at UBS Group in a report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential downside of 0.03% from the stock’s current price.
Several other research firms also recently commented on ASC. Morgan Stanley restated an “equal weight” rating on shares of ASOS in a research report on Monday, October 14th. Peel Hunt upgraded ASOS to an “add” rating and raised their target price for the stock from GBX 3,000 ($39.20) to GBX 4,000 ($52.27) in a research report on Friday, October 25th. Shore Capital restated a “sell” rating on shares of ASOS in a research report on Friday, October 11th. Goldman Sachs Group set a GBX 3,200 ($41.81) target price on ASOS and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada raised their target price on ASOS from GBX 3,300 ($43.12) to GBX 3,900 ($50.96) and gave the stock an “outperform” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 3,386.88 ($44.26).
ASOS stock opened at GBX 3,201 ($41.83) on Friday. The company has a debt-to-equity ratio of 19.95, a current ratio of 0.81 and a quick ratio of 0.07. The company has a market capitalization of $2.69 billion and a PE ratio of 108.88. ASOS has a one year low of GBX 2,033 ($26.56) and a one year high of GBX 5,238 ($68.44). The business has a 50 day simple moving average of GBX 3,195.66 and a 200 day simple moving average of GBX 2,876.20.
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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