Analysts Set ASOS plc (LON:ASC) Target Price at $3,961.70

ASOS plc (LON:ASC) has been assigned a consensus rating of “Buy” from the eighteen brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 3,961.70 ($51.77).

Several brokerages recently issued reports on ASC. UBS Group reiterated a “buy” rating and set a GBX 3,500 ($45.73) price target on shares of ASOS in a research report on Wednesday, April 10th. Shore Capital reiterated a “hold” rating on shares of ASOS in a research report on Tuesday, March 19th. Jefferies Financial Group reiterated a “buy” rating on shares of ASOS in a research report on Tuesday, April 9th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 3,500 ($45.73) price target on shares of ASOS in a research report on Friday, March 22nd. Finally, Berenberg Bank reiterated a “buy” rating on shares of ASOS in a research report on Friday, March 22nd.

In other ASOS news, insider Nicholas Robertson sold 410,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of GBX 3,722 ($48.63), for a total value of £15,260,200 ($19,940,154.19).

Shares of LON:ASC traded down GBX 56 ($0.73) during midday trading on Friday, hitting GBX 2,610 ($34.10). 477,749 shares of the stock traded hands, compared to its average volume of 293,510. The stock has a market cap of $2.22 billion and a PE ratio of 36.00. The stock’s 50 day simple moving average is GBX 3,380.12. The company has a debt-to-equity ratio of 12.69, a current ratio of 0.85 and a quick ratio of 0.11. ASOS has a one year low of GBX 2,114 ($27.62) and a one year high of GBX 6,580 ($85.98).

ASOS (LON:ASC) last issued its quarterly earnings data on Wednesday, April 10th. The company reported GBX 3.60 ($0.05) EPS for the quarter, beating the consensus estimate of GBX 3.10 ($0.04) by GBX 0.50 ($0.01). Sell-side analysts expect that ASOS will post 8124.6445986 earnings per share for the current year.

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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Analyst Recommendations for ASOS (LON:ASC)

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