Analysts Set ASOS Plc (LON:ASC) Price Target at GBX 391

Shares of ASOS Plc (LON:ASC) have been given a consensus rating of “Hold” by the six analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 391 ($5.23).

Several equities research analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 ($6.55) price target on shares of ASOS in a research report on Thursday, September 5th. Shore Capital reaffirmed a “sell” rating on shares of ASOS in a research report on Tuesday, September 10th. Finally, Barclays cut shares of ASOS to an “underweight” rating and lowered their price target for the stock from GBX 300 ($4.01) to GBX 290 ($3.88) in a research report on Monday, September 9th.

ASOS Price Performance

Shares of ASC opened at GBX 445 ($5.95) on Monday. The company has a 50 day moving average price of GBX 391.22 and a 200-day moving average price of GBX 370.82. ASOS has a fifty-two week low of GBX 328.84 ($4.40) and a fifty-two week high of GBX 453.80 ($6.07). The stock has a market capitalization of £530.04 million, a PE ratio of -223.62, a PEG ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 158.84, a quick ratio of 0.39 and a current ratio of 1.51.

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.