ASOS (LON:ASC) Price Target Raised to GBX 750

ASOS (LON:ASC) had its price objective lifted by Berenberg Bank from GBX 600 to GBX 750 in a report published on Thursday morning, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Several other research firms also recently commented on ASC. Royal Bank Of Canada lifted their price objective on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Shore Capital Group increased their target price on ASOS from GBX 420 to GBX 520 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. increased their target price on ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 440.71.

ASOS Price Performance

Shares of ASOS stock opened at GBX 508 on Thursday. ASOS has a 52-week low of GBX 206.50 and a 52-week high of GBX 509. The stock has a market capitalization of £607.82 million, a price-to-earnings ratio of -2.63, a price-to-earnings-growth ratio of -1.26 and a beta of 2.32. The company has a fifty day moving average of GBX 399.29 and a 200-day moving average of GBX 306.75. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95.

ASOS News Summary

Here are the key news stories impacting ASOS this week:

• Positive Sentiment: Improving trading outlook: ASOS said gross margin exceeded 50% and gross merchandise value returned to growth in the fourth quarter. Management now expects fiscal 2026 adjusted EBITDA to come in above the midpoint of its £150 million–£180 million guidance range, increasing the prospect of a full-year guidance beat. ASOS Reports Gross Margin Above 50% as GMV Returns to Growth in Fourth Quarter ASOS Sees FY26 Adjusted EBITDA Above Midpoint of Outlook
• Positive Sentiment: Turnaround momentum: Reports described an improving growth rate and a more upbeat outlook, suggesting that cost controls and operational changes may be translating into better profitability. Asos Expects to Beat Full-Year Guidance as Growth Rate Improves ASOS Shares Jump After Trading Update Signals Turnaround
• Positive Sentiment: Favorable analyst actions: Shore Capital upgraded ASOS to “buy,” while Berenberg raised its price target from GBX 600 to GBX 750 and maintained a “buy” rating. ASOS Upgraded by Shore Capital Group to Buy ASOS Price Target Raised to GBX 750
• Neutral Sentiment: Mixed broker view: Deutsche Bank issued a “buy” recommendation, but RBC Capital assigned a more cautious “hold” rating, indicating that analysts remain divided over the pace and durability of the recovery. ASOS Receives a Buy from Deutsche Bank ASOS Receives a Hold from RBC Capital
• Negative Sentiment: Frasers Group reduced its stake: The disposal lowered Frasers’ holding in ASOS to 25.04%, potentially removing some shareholder support and adding an overhang from further selling. Frasers Group Lowers ASOS Stake to 25.04%

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 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.