ASOS (LON:ASC) Price Target Raised to GBX 285 at JPMorgan Chase & Co.

ASOS (LON:ASC) had its target price boosted by equities researchers at JPMorgan Chase & Co. from GBX 240 to GBX 285 in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 26.67% from the company’s previous close.

A number of other research analysts also recently commented on ASC. Shore Capital Group reaffirmed a “buy” rating on shares of ASOS in a report on Thursday, April 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 price target on shares of ASOS in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, ASOS presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 360.17.

ASOS Stock Down 3.0%

ASC opened at GBX 225 on Tuesday. The firm has a 50-day simple moving average of GBX 233.46 and a two-hundred day simple moving average of GBX 258.55. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 375.30. The company has a market capitalization of £269.21 million, a PE ratio of -1.16, a price-to-earnings-growth ratio of -1.26 and a beta of 2.22. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63.

ASOS (LON:ASC) last released its quarterly earnings data on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. The company had revenue of GBX 111.60 billion for the quarter. Analysts forecast that ASOS will post 12.4165252 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider William Barker acquired 1,627,693 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were acquired at an average price of GBX 235 per share, for a total transaction of £3,825,078.55. 18.40% of the stock is owned by company insiders.

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.