ASOS (LON:ASC) Rating Increased to Buy at Shore Capital Group

ASOS (LON:ASC) was upgraded by stock analysts at Shore Capital Group to a “buy” rating in a report issued on Thursday, London Stock Exchange reports. The firm presently has a GBX 520 price objective on the stock. Shore Capital Group’s target price suggests a potential upside of 11.23% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada upped their price target on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Finally, Berenberg Bank boosted their target price on shares of ASOS from GBX 600 to GBX 750 and gave the stock a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 440.71.

ASOS Trading Up 8.7%

LON:ASC opened at GBX 467.50 on Thursday. The firm has a market capitalization of £559.36 million, a PE ratio of -2.42, a price-to-earnings-growth 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. ASOS has a 12 month low of GBX 206.50 and a 12 month high of GBX 467.50. The business’s 50-day moving average is GBX 394.37 and its two-hundred day moving average is GBX 304.18.

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.