ASOS (LON:ASC) Upgraded to “Buy” at Shore Capital Group

ASOS (LON:ASC) was upgraded by equities researchers at Shore Capital Group to a “buy” rating in a research report issued to clients and investors on Thursday, September 24th, Marketbeat Ratings reports. The brokerage currently has a GBX 520 price objective on the stock. Shore Capital Group’s price objective points to a potential upside of 2.97% from the stock’s current price.

A number of other brokerages have also issued reports on ASC. Berenberg Bank lifted their target price on shares of ASOS from GBX 600 to GBX 750 and gave the company a “buy” rating in a research note on Thursday, September 24th. Royal Bank Of Canada upped their price target on shares of ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 440.71.

ASOS Stock Down 0.4%

ASC traded down GBX 2 on Thursday, reaching GBX 505. 1,293,748 shares of the company traded hands, compared to its average volume of 4,495,222. The company has a market cap of £604.23 million, a price-to-earnings ratio of -2.61, a PEG ratio of -1.26 and a beta of 2.32. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. The stock’s 50 day moving average price is GBX 408.27 and its 200-day moving average price is GBX 312.54. ASOS has a 52-week low of GBX 206.50 and a 52-week high of GBX 515.

About ASOS

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 internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.