Credit Suisse Group Reiterates “GBX 3,450” Price Target for ASOS (LON:ASC)

Credit Suisse Group set a GBX 3,450 ($45.08) target price on ASOS (LON:ASC) in a research note issued to investors on Friday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on ASC. Liberum Capital downgraded shares of Publicis Groupe from a buy rating to a hold rating in a research report on Friday. Jefferies Financial Group reiterated a hold rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. Berenberg Bank set a €670.00 ($779.07) price target on shares of Adyen and gave the company a neutral rating in a research note on Friday, March 22nd. Goldman Sachs Group downgraded shares of JSR from a neutral rating to a sell rating in a report on Friday, June 21st. Finally, Peel Hunt downgraded shares of ASOS to a hold rating and cut their price objective for the stock from GBX 4,000 ($52.27) to GBX 3,000 ($39.20) in a report on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 4,061.13 ($53.07).

ASC opened at GBX 2,181 ($28.50) on Friday. The firm has a 50 day moving average of GBX 2,876.06. ASOS has a 1-year low of GBX 2,033 ($26.56) and a 1-year high of GBX 6,298 ($82.29). The company has a current ratio of 0.85, a quick ratio of 0.11 and a debt-to-equity ratio of 12.69. The firm has a market cap of $1.83 billion and a P/E ratio of 30.08.

In other news, insider Adam Crozier bought 4,200 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were acquired at an average cost of GBX 2,384 ($31.15) per share, with a total value of £100,128 ($130,834.97).

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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