ASOS Plc (LON:ASC) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of ASOS Plc (LON:ASC) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 440.71.

ASC has been the topic of a number of research reports. Shore Capital Group raised ASOS to a “buy” rating and set a GBX 520 price objective on the stock in a report on Thursday, September 24th. Royal Bank Of Canada increased their price objective on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted 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. Finally, Berenberg Bank lifted their target price on ASOS from GBX 600 to GBX 750 and gave the stock a “buy” rating in a report on Thursday, September 24th.

ASOS Price Performance

Shares of LON ASC opened at GBX 463.50 on Friday. The firm has a market cap of £554.57 million, a P/E ratio of -2.40, a price-to-earnings-growth ratio of -1.26 and a beta of 2.32. The business’s 50 day moving average is GBX 432.23 and its 200-day moving average is GBX 332.23. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. ASOS has a 1-year low of GBX 206.50 and a 1-year high of GBX 517.

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.