ASOS (LON:ASC) Price Target Increased to GBX 1,075 by Analysts at Barclays

ASOS (LON:ASCGet Rating) had its price target boosted by equities research analysts at Barclays from GBX 884 ($10.83) to GBX 1,075 ($13.17) in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 27.45% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada set a GBX 2,000 ($24.50) target price on ASOS in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,850 ($47.16) target price on shares of ASOS in a report on Wednesday, April 13th. Credit Suisse Group set a GBX 1,450 ($17.76) price target on ASOS in a research note on Monday. Deutsche Bank Rese… set a GBX 2,900 ($35.52) price target on ASOS in a research note on Tuesday, April 19th. Finally, Berenberg Bank dropped their price target on ASOS from GBX 4,100 ($50.22) to GBX 2,500 ($30.62) and set a “buy” rating for the company in a research note on Thursday, June 16th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ASOS presently has a consensus rating of “Buy” and a consensus target price of GBX 2,415.36 ($29.59).

ASC opened at GBX 843.50 ($10.33) on Monday. ASOS has a fifty-two week low of GBX 775 ($9.49) and a fifty-two week high of GBX 5,242.75 ($64.22). The company has a debt-to-equity ratio of 77.77, a quick ratio of 0.52 and a current ratio of 1.59. The company has a market capitalization of £842.99 million and a P/E ratio of 25.62. The stock has a fifty day moving average of GBX 1,389.64 and a 200-day moving average of GBX 1,811.44.

In related news, insider Jørgen Lindemann bought 57,392 shares of ASOS stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average cost of GBX 854 ($10.46) per share, for a total transaction of £490,127.68 ($600,352.38).

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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