ASOS (LON:ASC) had its price target increased by Royal Bank of Canada from GBX 3,600 ($47.04) to GBX 4,300 ($56.19) in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 17.20% from the company’s previous close.
Several other research firms have also weighed in on ASC. Credit Suisse Group increased their target price on shares of ASOS from GBX 3,500 ($45.73) to GBX 4,100 ($53.57) and gave the stock an “outperform” rating in a report on Monday. Barclays increased their target price on shares of ASOS from GBX 4,000 ($52.27) to GBX 4,200 ($54.88) and gave the stock an “overweight” rating in a report on Thursday. Numis Securities reiterated a “buy” rating and issued a GBX 5,000 ($65.33) target price on shares of ASOS in a report on Wednesday, April 10th. UBS Group reiterated a “buy” rating and issued a GBX 3,500 ($45.73) target price on shares of ASOS in a report on Wednesday, April 10th. Finally, Liberum Capital increased their target price on shares of ASOS from GBX 2,800 ($36.59) to GBX 3,200 ($41.81) and gave the stock a “hold” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 4,603.94 ($60.16).
ASC stock traded down GBX 20 ($0.26) during midday trading on Monday, reaching GBX 3,669 ($47.94). The company’s stock had a trading volume of 603,367 shares, compared to its average volume of 293,510. ASOS has a 52 week low of GBX 2,114 ($27.62) and a 52 week high of GBX 7,138 ($93.27). The stock has a market cap of $3.08 billion and a PE ratio of 37.44.
ASOS (LON:ASC) last announced its quarterly earnings data on Wednesday, April 10th. The company reported GBX 3.60 ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 3.10 ($0.04) by GBX 0.50 ($0.01). As a group, analysts forecast that ASOS will post 8097.00006933548 EPS 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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