ASOS (LON:ASC) Given a GBX 2,050 Price Target by UBS Group Analysts

ASOS (LON:ASC – Get Rating) has been given a GBX 2,050 ($26.71) target price by analysts at UBS Group in a research note issued on Wednesday, Borsen Zeitung reports. UBS Group’s price objective would indicate a potential upside of 40.03% from the company’s current price.

Several other brokerages have also issued reports on ASC. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 3,850 ($50.17) target price on shares of ASOS in a research note on Wednesday. Jefferies Financial Group set a GBX 4,050 ($52.78) price target on shares of ASOS in a research note on Tuesday. Barclays reduced their price objective on ASOS from GBX 2,280 ($29.71) to GBX 2,125 ($27.69) and set an “equal weight” rating on the stock in a research note on Wednesday. Shore Capital restated an “under review” rating on shares of ASOS in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on ASOS from GBX 3,300 ($43.00) to GBX 2,900 ($37.79) and set an “overweight” rating for the company in a research note on Thursday, March 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 3,755.36 ($48.94).

Shares of ASC traded down GBX 148 ($1.93) during midday trading on Wednesday, reaching GBX 1,464 ($19.08). The stock had a trading volume of 941,600 shares, compared to its average volume of 594,244. The company has a current ratio of 1.56, a quick ratio of 0.72 and a debt-to-equity ratio of 76.61. The company has a market capitalization of £1.46 billion and a price-to-earnings ratio of 11.67. The company’s 50-day moving average is GBX 1,799.91 and its 200 day moving average is GBX 2,247.98. ASOS has a 12-month low of GBX 1,442.41 ($18.80) and a 12-month high of GBX 5,514 ($71.85).

In related news, insider Nicholas Robertson sold 267,519 shares of ASOS stock in a transaction that occurred on Friday, January 28th. The stock was sold at an average price of GBX 2,219 ($28.92), for a total transaction of £5,936,246.61 ($7,735,531.16).

About ASOS (Get Rating)

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.

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