Credit Suisse Group Analysts Give ASOS (LON:ASC) a GBX 6,050 Price Target

ASOS (LON:ASC) has been given a GBX 6,050 ($79.04) price objective by Credit Suisse Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. Credit Suisse Group’s target price would suggest a potential upside of 53.05% from the stock’s current price.

A number of other brokerages have also recently commented on ASC. Morgan Stanley reaffirmed a “neutral” rating and set a GBX 5,000 ($65.33) price target on shares of ASOS in a research report on Friday, June 4th. Peel Hunt reaffirmed a “buy” rating and set a GBX 6,500 ($84.92) price target on shares of ASOS in a research report on Monday, July 12th. Barclays dropped their price target on ASOS from GBX 5,750 ($75.12) to GBX 5,000 ($65.33) and set an “equal weight” rating on the stock in a research report on Friday, July 16th. Berenberg Bank set a GBX 6,700 ($87.54) price target on ASOS in a research report on Friday, July 16th. Finally, JPMorgan Chase & Co. set a GBX 6,800 ($88.84) price target on ASOS in a research report on Thursday, July 15th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. ASOS has a consensus rating of “Buy” and an average price target of GBX 6,007.69 ($78.49).

ASC stock opened at GBX 3,953 ($51.65) on Thursday. The stock has a fifty day simple moving average of GBX 4,804.87. The company has a debt-to-equity ratio of 35.67, a quick ratio of 0.20 and a current ratio of 0.99. ASOS has a 1-year low of GBX 47.52 ($0.62) and a 1-year high of GBX 5,994.95 ($78.32). The stock has a market capitalization of £3.95 billion and a PE ratio of 22.56.

In other news, insider Nick Beighton sold 29,558 shares of the stock in a transaction dated Monday, June 14th. The stock was sold at an average price of GBX 5,100 ($66.63), for a total transaction of £1,507,458 ($1,969,503.53).

ASOS Company Profile

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 Russia. It offers womenswear and menswear products. The company sells approximately 85,000 products under the ASOS Design, ASOS Edition, ASOS 4505, and Collusion brands, a well as other global and local third-party brands products primarily through its website, asos.com, as well as through social media platforms.

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Analyst Recommendations for ASOS (LON:ASC)

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