ASOS (LON:ASC) received a GBX 3,300 ($43.12) price objective from analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s price target points to a potential downside of 4.18% from the company’s current price.
Several other research analysts also recently weighed in on ASC. Credit Suisse Group restated an “outperform” rating on shares of ASOS in a research note on Monday. HSBC set a GBX 2,430 ($31.75) target price on ASOS and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Peel Hunt restated a “hold” rating and set a GBX 3,000 ($39.20) target price on shares of ASOS in a research note on Tuesday. Jefferies Financial Group downgraded ASOS to an “underperform” rating and dropped their target price for the stock from GBX 3,500 ($45.73) to GBX 2,000 ($26.13) in a research note on Thursday, August 15th. Finally, Berenberg Bank downgraded ASOS to a “hold” rating and dropped their target price for the stock from GBX 4,000 ($52.27) to GBX 2,500 ($32.67) in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 3,202.76 ($41.85).
Shares of ASC stock opened at GBX 3,444 ($45.00) on Wednesday. ASOS has a 1-year low of GBX 2,033 ($26.56) and a 1-year high of GBX 6,152 ($80.39). The stock’s fifty day moving average price is GBX 2,519.04 and its 200 day moving average price is GBX 2,943.88. The company has a debt-to-equity ratio of 12.69, a current ratio of 0.85 and a quick ratio of 0.11. The company has a market cap of $2.89 billion and a price-to-earnings ratio of 47.50.
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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