ASOS (LON:ASC) had its price target increased by Royal Bank of Canada from GBX 3,900 ($51.30) to GBX 4,100 ($53.93) in a research report sent to investors on Thursday, Borsen Zeitung reports. Royal Bank of Canada currently has an outperform rating on the stock.
Several other analysts also recently issued reports on the company. Credit Suisse Group lifted their target price on ASOS from GBX 3,650 ($48.01) to GBX 4,000 ($52.62) and gave the company an outperform rating in a research note on Friday, January 17th. Goldman Sachs Group lifted their price objective on shares of ASOS from GBX 3,800 ($49.99) to GBX 3,900 ($51.30) and gave the company a buy rating in a research report on Thursday. HSBC upgraded shares of ASOS to a buy rating and lifted their price objective for the company from GBX 3,560 ($46.83) to GBX 3,615 ($47.55) in a research report on Tuesday, December 10th. UBS Group set a GBX 3,200 ($42.09) price objective on shares of ASOS and gave the company a neutral rating in a research report on Friday, November 29th. Finally, Shore Capital reiterated a hold rating on shares of ASOS in a research report on Thursday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. ASOS currently has an average rating of Hold and an average target price of GBX 3,450.59 ($45.39).
Shares of ASC opened at GBX 3,136 ($41.25) on Thursday. The business’s 50 day moving average is GBX 3,206.30 and its 200 day moving average is GBX 2,848.51. The company has a market capitalization of $2.67 billion and a PE ratio of 106.67. ASOS has a 12-month low of GBX 2,033 ($26.74) and a 12-month high of GBX 4,090 ($53.80). The company has a current ratio of 0.81, a quick ratio of 0.07 and a debt-to-equity ratio of 19.95.
In related news, insider Nick Beighton sold 3,140 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of GBX 3,459 ($45.50), for a total value of £108,612.60 ($142,873.72). Also, insider Mathew Dunn sold 9,433 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of GBX 3,047 ($40.08), for a total transaction of £287,423.51 ($378,089.33).
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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