ASOS Plc (ASC.L) (LON:ASC) Stock Rating Reaffirmed by Barclays
Barclays reiterated their neutral rating on shares of ASOS Plc (ASC.L) (LON:ASC) in a research report sent to investors on Thursday morning, AR Network reports. The brokerage currently has a GBX 4,825 ($63.04) target price on the stock.
Several other research analysts have also recently issued reports on ASC. Liberum Capital reissued a buy rating on shares of ASOS Plc (ASC.L) in a research note on Monday, July 27th. Goldman Sachs Group set a GBX 5,700 ($74.47) price objective on ASOS Plc (ASC.L) and gave the stock a buy rating in a research note on Wednesday. Royal Bank of Canada set a GBX 6,000 ($78.39) price objective on ASOS Plc (ASC.L) and gave the stock a buy rating in a research note on Wednesday. Societe Generale increased their price objective on ASOS Plc (ASC.L) from GBX 4,289 ($56.04) to GBX 4,309 ($56.30) and gave the stock a buy rating in a research note on Thursday, July 16th. Finally, Citigroup reissued a buy rating on shares of ASOS Plc (ASC.L) in a research note on Tuesday, August 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 4,807 ($62.80).
ASC opened at GBX 4,710 ($61.54) on Thursday. The stock has a market cap of $5.25 billion and a price-to-earnings ratio of 88.37. The stock’s 50 day moving average price is GBX 5,041.81 and its 200-day moving average price is GBX 3,547.48. ASOS Plc has a one year low of GBX 975.20 ($12.74) and a one year high of GBX 5,548 ($72.48). The company has a debt-to-equity ratio of 92.82, a quick ratio of 0.11 and a current ratio of 0.83.
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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