ASOS (LON:ASC) Earns “Neutral” Rating from UBS Group
ASOS (LON:ASC)‘s stock had its “neutral” rating reissued by equities research analysts at UBS Group in a research note issued on Thursday, ThisIsMoney.Co.Uk reports.
ASC has been the topic of a number of other reports. Investec raised shares of ASOS to a “buy” rating and boosted their price objective for the company from GBX 3,582 ($44.08) to GBX 4,820 ($59.32) in a research report on Thursday, June 4th. Societe Generale boosted their price target on shares of ASOS from GBX 4,289 ($52.78) to GBX 4,309 ($53.03) and gave the company a “buy” rating in a report on Thursday. Goldman Sachs Group increased their price objective on ASOS from GBX 2,800 ($34.46) to GBX 3,600 ($44.30) and gave the stock a “buy” rating in a report on Thursday, May 14th. Berenberg Bank boosted their target price on ASOS from GBX 3,200 ($39.38) to GBX 4,400 ($54.15) and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Bank of America upped their target price on ASOS from GBX 2,050 ($25.23) to GBX 2,750 ($33.84) and gave the stock an “underperform” rating in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. ASOS has a consensus rating of “Hold” and a consensus target price of GBX 3,563.56 ($43.85).
Shares of ASC opened at GBX 3,489 ($42.94) on Thursday. The business’s 50-day moving average is GBX 3,226.78 and its 200-day moving average is GBX 2,789.84. The company has a debt-to-equity ratio of 92.82, a current ratio of 0.83 and a quick ratio of 0.11. The company has a market capitalization of $3.48 billion and a price-to-earnings ratio of 65.46. ASOS has a fifty-two week low of GBX 975.20 ($12.00) and a fifty-two week high of GBX 3,773 ($46.43).
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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