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

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

Several other research firms have also recently issued reports on ASC. UBS Group cut to a neutral rating and raised their target price for the stock from GBX 3,300 ($43.12) to GBX 3,500 ($45.73) in a research note on Tuesday, June 25th. Goldman Sachs Group cut JSR from a neutral rating to a sell rating in a research report on Friday, June 21st. Royal Bank of Canada cut their price objective on Patterson-UTI Energy to $21.00 and set an outperform rating on the stock in a research report on Tuesday, June 18th. Peel Hunt reaffirmed a buy rating on shares of Sumo Group in a research report on Monday, April 8th. Finally, Shore Capital reaffirmed a buy rating on shares of CMC Markets in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. ASOS currently has an average rating of Buy and an average target price of GBX 4,457.31 ($58.24).

LON ASC opened at GBX 2,616 ($34.18) on Monday. The company has a quick ratio of 0.11, a current ratio of 0.85 and a debt-to-equity ratio of 12.69. The company has a market capitalization of $2.19 billion and a PE ratio of 36.08. ASOS has a 1 year low of GBX 2,114 ($27.62) and a 1 year high of GBX 6,580 ($85.98). The business has a 50-day simple moving average of GBX 3,025.02.

ASOS (LON:ASC) last posted its earnings results on Wednesday, April 10th. The company reported GBX 3.60 ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 3.10 ($0.04) by GBX 0.50 ($0.01). As a group, equities analysts anticipate that ASOS will post 8097.0000102 EPS for the current year.

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

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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