ASOS Plc (ASC.L) (LON:ASC) Price Target Increased to GBX 5,900 by Analysts at Berenberg Bank
ASOS Plc (ASC.L) (LON:ASC) had its price objective boosted by Berenberg Bank from GBX 5,700 ($74.47) to GBX 5,900 ($77.08) in a research note released on Thursday morning, AR Network reports. The firm currently has a buy rating on the stock.
ASC has been the topic of several other reports. Jefferies Financial Group set a GBX 5,900 ($77.08) price target on shares of ASOS Plc (ASC.L) and gave the company a buy rating in a research report on Wednesday. Goldman Sachs Group set a GBX 5,700 ($74.47) price target on shares of ASOS Plc (ASC.L) and gave the company a buy rating in a research report on Wednesday. Morgan Stanley restated a neutral rating and set a GBX 3,000 ($39.20) target price on shares of ASOS Plc (ASC.L) in a research report on Friday, August 14th. Citigroup restated a buy rating on shares of ASOS Plc (ASC.L) in a research report on Tuesday, August 18th. Finally, Shore Capital restated a house stock rating on shares of ASOS Plc (ASC.L) in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 4,807 ($62.80).
ASC stock opened at GBX 4,710 ($61.54) on Thursday. The company’s 50 day simple moving average is GBX 5,041.81 and its 200-day simple moving average is GBX 3,547.48. The firm has a market capitalization of $5.25 billion and a PE ratio of 88.37. ASOS Plc has a 12 month low of GBX 975.20 ($12.74) and a 12 month high of GBX 5,548 ($72.48). The company has a debt-to-equity ratio of 92.82, a current ratio of 0.83 and a quick ratio of 0.11.
ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. It offers womenswear and menswear products. The company sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms.
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