ASOS’s (ASC) “Buy” Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group reissued their buy rating on shares of ASOS (LON:ASC – Get Rating) in a research note released on Friday morning, Stock Target Advisor reports.

Several other equities research analysts have also weighed in on the company. UBS Group set a GBX 2,050 ($26.71) price objective on ASOS in a research note on Wednesday. Royal Bank of Canada reiterated an outperform rating and issued a GBX 7,200 ($93.82) price objective on shares of ASOS in a research note on Monday, April 11th. Peel Hunt reiterated a buy rating and issued a GBX 5,000 ($65.16) price objective on shares of ASOS in a research note on Thursday, December 23rd. Deutsche Bank Rese… set a GBX 3,850 ($50.17) price objective on ASOS in a research note on Wednesday. Finally, Shore Capital reiterated an under review rating on shares of ASOS in a research note on Tuesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Buy and an average target price of GBX 3,694.64 ($48.14).

ASC stock opened at GBX 1,465 ($19.09) on Friday. ASOS has a 1-year low of GBX 1,442.41 ($18.80) and a 1-year high of GBX 5,506 ($71.75). The firm has a market cap of £1.46 billion and a P/E ratio of 11.67. The business’s 50 day moving average is GBX 1,763.95 and its 200-day moving average is GBX 2,210.53. The company has a current ratio of 1.56, a quick ratio of 0.72 and a debt-to-equity ratio of 76.61.

In other ASOS news, insider Nicholas Robertson sold 132,481 shares of the company’s stock in a transaction on Monday, January 31st. The stock was sold at an average price of GBX 2,204 ($28.72), for a total transaction 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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