Shore Capital Group Issues Positive Forecast for ASOS (LON:ASC) Stock Price

ASOS (LON:ASC) had its target price increased by analysts at Shore Capital Group from GBX 420 to GBX 520 in a research report issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Shore Capital Group’s target price would suggest a potential upside of 25.30% from the stock’s previous close.

Other equities research analysts have also issued 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 research note on Wednesday, August 5th. JPMorgan Chase & Co. boosted their target price on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 600 price target on shares of ASOS in a report on Thursday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, ASOS presently has an average rating of “Moderate Buy” and an average price target of GBX 419.29.

ASOS Trading Up 0.1%

Shares of ASC opened at GBX 415 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. The firm has a market capitalization of £496.54 million, a P/E ratio of -2.15, a price-to-earnings-growth ratio of -1.26 and a beta of 2.31. The stock’s fifty day simple moving average is GBX 350.17 and its 200 day simple moving average is GBX 285.12. ASOS has a twelve month low of GBX 206.50 and a twelve month high of GBX 421.50.

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.