Credit Suisse Group set a GBX 4,100 ($53.57) target price on ASOS (LON:ASC) in a research report sent to investors on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other research analysts have also issued research reports about the company. Jefferies Financial Group reiterated a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Liberum Capital reaffirmed a buy rating on shares of FirstGroup in a research note on Wednesday, April 10th. Barclays set a $325.00 target price on Align Technology and gave the stock a buy rating in a research note on Thursday, April 11th. Royal Bank of Canada cut their target price on Patterson-UTI Energy to $21.00 and set an outperform rating for the company in a research note on Tuesday, June 18th. Finally, Shore Capital reaffirmed a buy rating on shares of CMC Markets in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 4,457.31 ($58.24).
Shares of LON:ASC traded up GBX 59 ($0.77) during midday trading on Monday, reaching GBX 2,616 ($34.18). 457,040 shares of the company’s stock traded hands, compared to its average volume of 293,510. ASOS has a 1 year low of GBX 2,114 ($27.62) and a 1 year high of GBX 6,580 ($85.98). The stock has a market cap of $2.19 billion and a P/E ratio of 36.08. The company has a debt-to-equity ratio of 12.69, a quick ratio of 0.11 and a current ratio of 0.85. The company has a fifty day simple moving average of GBX 3,043.30.
ASOS (LON:ASC) last announced its earnings results 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). On average, sell-side analysts forecast that ASOS will post 8097.0000102 earnings per share for the current fiscal year.
In related news, insider Nicholas Robertson sold 410,000 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of GBX 3,722 ($48.63), for a total transaction of £15,260,200 ($19,940,154.19).
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.
Further Reading: What is the Gross Domestic Product (GDP)?
Receive News & Ratings for ASOS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASOS and related companies with MarketBeat.com's FREE daily email newsletter.