ASOS (LON:ASC) PT Set at GBX 1,250 by Credit Suisse Group

ASOS (LON:ASCGet Rating) has been assigned a GBX 1,250 ($15.10) price target by stock analysts at Credit Suisse Group in a research report issued on Wednesday, Borsen Zeitung reports. Credit Suisse Group’s target price points to a potential upside of 94.40% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Shore Capital reaffirmed a “sell” rating on shares of ASOS in a research report on Monday, September 5th. UBS Group set a GBX 1,250 ($15.10) target price on ASOS in a research report on Wednesday, August 17th. Jefferies Financial Group reissued a “hold” rating and set a GBX 775 ($9.36) price objective on shares of ASOS in a research report on Thursday, September 8th. JPMorgan Chase & Co. set a GBX 1,500 ($18.12) price objective on ASOS in a research report on Tuesday, September 13th. Finally, The Goldman Sachs Group set a GBX 950 ($11.48) price objective on ASOS in a research report on Thursday, September 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 2,034.23 ($24.58).

ASOS Stock Performance

LON ASC opened at GBX 643 ($7.77) on Wednesday. The company has a market cap of £642.61 million and a P/E ratio of 2,217.24. The company has a debt-to-equity ratio of 77.77, a current ratio of 1.59 and a quick ratio of 0.52. The stock has a 50-day moving average of GBX 855.03 and a two-hundred day moving average of GBX 1,191.28. ASOS has a 1-year low of GBX 605.50 ($7.32) and a 1-year high of GBX 3,440.01 ($41.57).

About ASOS

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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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