ASOS’s (ASC) “Outperform” Rating Reiterated at Royal Bank of Canada

ASOS (LON:ASC)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank of Canada in a report issued on Thursday, Analyst Ratings Network reports. They currently have a GBX 7,500 ($97.99) target price on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 39.93% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. UBS Group reissued a “neutral” rating and issued a GBX 4,800 ($62.71) price objective on shares of ASOS in a research report on Wednesday, January 13th. Credit Suisse Group restated a “buy” rating and issued a GBX 7,250 ($94.72) target price on shares of ASOS in a research note on Thursday, February 11th. Barclays restated a “neutral” rating and issued a GBX 5,750 ($75.12) target price on shares of ASOS in a research note on Monday, February 22nd. The Goldman Sachs Group set a GBX 6,500 ($84.92) target price on ASOS and gave the company a “buy” rating in a research note on Thursday. Finally, Morgan Stanley restated a “neutral” rating and issued a GBX 5,000 ($65.33) target price on shares of ASOS in a research note on Thursday, January 28th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 6,038.60 ($78.89).

Shares of LON:ASC traded down GBX 230 ($3.00) during mid-day trading on Thursday, hitting GBX 5,360 ($70.03). 754,918 shares of the company traded hands, compared to its average volume of 314,794. The stock has a market cap of £5.35 billion and a P/E ratio of 42.68. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 38.64. ASOS has a 12-month low of GBX 2,035 ($26.59) and a 12-month high of GBX 5,994.95 ($78.32). The stock has a 50-day moving average price of GBX 5,599.28 and a two-hundred day moving average price of GBX 5,011.19.

In other ASOS news, insider Luke Jensen bought 1,995 shares of the firm’s stock in a transaction on Thursday, February 4th. The shares were acquired at an average cost of GBX 5,002 ($65.35) per share, for a total transaction of £99,789.90 ($130,376.14).

ASOS Company Profile

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and Russia. It offers womenswear and menswear products. The company sells approximately 85,000 products under the ASOS Design, ASOS Edition, ASOS 4505, and Collusion brands, a well as other global and local third-party brands products primarily through its website, asos.com, as well as through social media platforms.

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Analyst Recommendations for ASOS (LON:ASC)

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