ASOS (LON:ASC) Given “Outperform” Rating at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of ASOS (LON:ASCGet Rating) in a research report released on Monday morning, Marketbeat reports. The firm currently has a GBX 7,200 ($93.82) price target on the stock.

Several other analysts have also issued reports on ASC. Shore Capital reissued an under review rating on shares of ASOS in a report on Thursday, January 13th. Credit Suisse Group set a GBX 3,700 ($48.21) target price on ASOS in a research report on Friday, January 14th. Peel Hunt restated a buy rating and set a GBX 5,000 ($65.16) price objective on shares of ASOS in a research report on Thursday, December 23rd. Liberum Capital lowered their price objective on ASOS from GBX 3,560 ($46.39) to GBX 2,300 ($29.97) and set a hold rating for the company in a research report on Thursday, January 13th. Finally, UBS Group set a GBX 2,050 ($26.71) target price on ASOS in a report on Monday, March 21st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of GBX 3,755.36 ($48.94).

ASC opened at GBX 1,464 ($19.08) on Monday. ASOS has a 1-year low of GBX 1,442.41 ($18.80) and a 1-year high of GBX 5,514 ($71.85). The stock’s fifty day simple moving average is GBX 1,788.15 and its 200 day simple moving average is GBX 2,236.09. 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 stock has a market cap of £1.46 billion and a PE ratio of 11.67.

In related news, insider Nicholas Robertson sold 132,481 shares of the company’s stock in a transaction that occurred on Monday, January 31st. The stock was sold at an average price of GBX 2,204 ($28.72), for a total value of £2,919,881.24 ($3,804,901.28).

ASOS Company Profile (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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Analyst Recommendations for ASOS (LON:ASC)

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