ASOS (LON:ASC) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of ASOS (LON:ASCGet Rating) in a report published on Monday, Marketbeat reports. The firm currently has a GBX 7,200 ($88.76) price target on the stock.

ASC has been the subject of a number of other reports. Berenberg Bank decreased their price objective on ASOS from GBX 5,500 ($67.80) to GBX 4,100 ($50.54) and set a buy rating for the company in a report on Tuesday, April 12th. UBS Group set a GBX 1,700 ($20.96) price objective on ASOS in a report on Tuesday, May 3rd. Credit Suisse Group set a GBX 2,850 ($35.13) price target on ASOS in a report on Wednesday, April 20th. The Goldman Sachs Group set a GBX 2,050 ($25.27) price target on ASOS in a report on Tuesday, April 19th. Finally, Barclays reduced their target price on ASOS from GBX 2,280 ($28.11) to GBX 2,125 ($26.20) and set an equal weight rating for the company in a research note on Wednesday, April 13th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, ASOS currently has an average rating of Buy and an average target price of GBX 3,486.79 ($42.98).

LON ASC opened at GBX 1,375 ($16.95) on Monday. The company has a market capitalization of £1.37 billion and a price-to-earnings ratio of 41.42. ASOS has a twelve month low of GBX 1,248 ($15.38) and a twelve month high of GBX 5,326 ($65.66). The stock has a fifty day simple moving average of GBX 1,519.33 and a 200 day simple moving average of GBX 1,986.26. The company has a quick ratio of 0.52, a current ratio of 1.59 and a debt-to-equity ratio of 77.77.

ASOS Company Profile (Get Rating)

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses.

Further Reading

Analyst Recommendations for ASOS (LON:ASC)

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