ASOS (LON:ASC) Earns “Neutral” Rating from UBS Group

UBS Group restated their neutral rating on shares of ASOS (LON:ASC) in a research report released on Tuesday, Borsen Zeitung reports. The firm currently has a GBX 2,800 ($36.59) price target on the stock.

ASC has been the subject of several other reports. Credit Suisse Group reiterated an outperform rating on shares of ASOS in a research report on Monday, October 14th. Peel Hunt reiterated a hold rating and set a GBX 3,000 ($39.20) price objective on shares of ASOS in a research report on Thursday, October 3rd. Royal Bank of Canada set a GBX 3,300 ($43.12) price objective on shares of ASOS and gave the stock a buy rating in a research report on Tuesday, October 1st. Goldman Sachs Group set a GBX 3,200 ($41.81) price objective on shares of ASOS and gave the stock a buy rating in a research report on Monday, July 22nd. Finally, Citigroup decreased their price objective on shares of ASOS from GBX 5,200 ($67.95) to GBX 4,200 ($54.88) and set a buy rating for the company in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 3,202.76 ($41.85).

ASC opened at GBX 3,293 ($43.03) on Tuesday. ASOS has a twelve month low of GBX 2,033 ($26.56) and a twelve month high of GBX 6,152 ($80.39). 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 fifty day moving average of GBX 2,538.98 and a 200-day moving average of GBX 2,945.04. The stock has a market cap of $2.76 billion and a PE ratio of 45.42.

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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