ASOS (LON:ASC) PT Set at GBX 3,450 by Credit Suisse Group

ASOS (LON:ASC) has been assigned a GBX 3,450 ($45.08) price objective by stock analysts at Credit Suisse Group in a report issued on Friday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 58.18% from the stock’s previous close.

Several other brokerages have also commented on ASC. Royal Bank of Canada cut their price target on Patterson-UTI Energy to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 18th. Berenberg Bank set a €670.00 ($779.07) price target on Adyen and gave the company a “neutral” rating in a research note on Friday, March 22nd. Liberum Capital lowered Publicis Groupe from a “buy” rating to a “hold” rating in a research note on Friday. Peel Hunt lowered ASOS to a “hold” rating and cut their price target for the company from GBX 4,000 ($52.27) to GBX 3,000 ($39.20) in a research note on Thursday. Finally, Shore Capital restated a “buy” rating on shares of Hilton Food Group in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 4,061.13 ($53.07).

ASC stock opened at GBX 2,181 ($28.50) on Friday. The company has a debt-to-equity ratio of 12.69, a quick ratio of 0.11 and a current ratio of 0.85. The stock has a fifty day simple moving average of GBX 2,876.06. ASOS has a twelve month low of GBX 2,114 ($27.62) and a twelve month high of GBX 6,298 ($82.29). The stock has a market capitalization of $1.83 billion and a price-to-earnings ratio of 30.08.

In other news, insider Adam Crozier purchased 4,200 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were purchased at an average price of GBX 2,384 ($31.15) per share, for a total transaction of £100,128 ($130,834.97).

ASOS Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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