Analysts Set ASOS Plc (LON:ASC) Price Target at GBX 391

Shares of ASOS Plc (LON:ASC) have earned an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 391 ($5.08).

A number of brokerages have recently weighed in on ASC. Shore Capital reiterated a “sell” rating on shares of ASOS in a report on Tuesday, September 10th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 ($6.36) target price on shares of ASOS in a research report on Thursday, September 5th. Finally, Barclays cut shares of ASOS to an “underweight” rating and decreased their price objective for the stock from GBX 300 ($3.90) to GBX 290 ($3.77) in a report on Monday, September 9th.

ASOS Trading Up 2.1 %

ASOS stock opened at GBX 379 ($4.92) on Friday. ASOS has a 1 year low of GBX 328.84 ($4.27) and a 1 year high of GBX 453.80 ($5.89). The firm’s 50 day moving average price is GBX 404.43 and its two-hundred day moving average price is GBX 375.53. The firm has a market cap of £451.43 million, a price-to-earnings ratio of -190.45, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 158.84, a quick ratio of 0.39 and a current ratio of 1.51.

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.