Shore Capital Reiterates Buy Rating for ASOS (LON:ASC)

ASOS (LON:ASC)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They currently have a GBX 400 price objective on the stock. Shore Capital’s price target suggests a potential upside of 47.60% from the stock’s previous close.

A number of other research analysts also recently issued reports on ASC. Peel Hunt restated an “add” rating and set a GBX 375 price target on shares of ASOS in a report on Tuesday. Berenberg Bank restated a “buy” rating and set a GBX 600 price target on shares of ASOS in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, ASOS currently has a consensus rating of “Buy” and an average target price of GBX 458.33.

ASOS Stock Down 2.2%

Shares of LON:ASC opened at GBX 271 on Wednesday. ASOS has a 1 year low of GBX 223.20 and a 1 year high of GBX 454.20. The company has a market cap of £322.99 million, a PE ratio of -109.76, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. The stock’s 50-day moving average is GBX 297.55 and its 200 day moving average is GBX 300.97.

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.