ASOS’s (ASC) “Neutral” Rating Reaffirmed at UBS Group

UBS Group restated their neutral rating on shares of ASOS (LON:ASC) in a report issued on Tuesday morning, Digital Look reports. UBS Group currently has a GBX 2,800 ($36.59) target price on the stock.

Several other research firms also recently weighed in on ASC. Liberum Capital reiterated an under review rating on shares of ASOS in a research report on Friday, July 19th. Goldman Sachs Group set a GBX 3,200 ($41.81) target price on ASOS and gave the company a buy rating in a research report on Monday, July 22nd. Royal Bank of Canada set a GBX 3,300 ($43.12) target price on ASOS and gave the company a buy rating in a research report on Tuesday, October 1st. Citigroup lowered their target price on ASOS from GBX 5,200 ($67.95) to GBX 4,200 ($54.88) and set a buy rating on the stock in a research report on Friday, July 26th. Finally, Morgan Stanley reiterated an equal weight rating on shares of ASOS in a research report on Monday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 3,196.88 ($41.77).

LON ASC opened at GBX 3,028.28 ($39.57) on Tuesday. The company has a market capitalization of $2.50 billion and a PE ratio of 41.77. The company has a debt-to-equity ratio of 12.69, a quick ratio of 0.11 and a current ratio of 0.85. The business’s fifty day moving average is GBX 2,475.16 and its 200 day moving average is GBX 2,941.63. ASOS has a fifty-two week low of GBX 2,033 ($26.56) and a fifty-two week high of GBX 6,152 ($80.39).

In other ASOS news, insider Adam Crozier purchased 4,200 shares of the firm’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).

About ASOS

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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