ASOS (ASC) PT Raised to GBX 4,300

ASOS (LON:ASC) had its price objective lifted by Royal Bank of Canada from GBX 3,600 ($47.04) to GBX 4,300 ($56.19) in a research note published on Monday morning, Borsen Zeitung reports. Royal Bank of Canada currently has an outperform rating on the stock.

ASC has been the subject of several other research reports. Citigroup raised their price objective on ASOS from GBX 4,000 ($52.27) to GBX 5,200 ($67.95) and gave the company a buy rating in a research report on Wednesday, February 27th. UBS Group lowered their price objective on ASOS from GBX 7,500 ($98.00) to GBX 3,500 ($45.73) and set a buy rating for the company in a research report on Tuesday, January 22nd. Credit Suisse Group reissued an outperform rating and set a GBX 3,500 ($45.73) price objective on shares of ASOS in a research report on Friday, March 22nd. Barclays reissued an overweight rating on shares of ASOS in a research report on Wednesday, March 20th. Finally, Liberum Capital reissued a hold rating on shares of ASOS in a research report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of GBX 4,621.59 ($60.39).

Shares of ASOS stock opened at GBX 3,714 ($48.53) on Monday. The firm has a market cap of $3.08 billion and a price-to-earnings ratio of 37.90. ASOS has a 12 month low of GBX 2,114 ($27.62) and a 12 month high of GBX 7,138 ($93.27).

ASOS (LON:ASC) last announced its quarterly earnings data on Wednesday, April 10th. The company reported GBX 3.60 ($0.05) EPS for the quarter, beating the consensus estimate of GBX 3.10 ($0.04) by GBX 0.50 ($0.01). As a group, equities research analysts forecast that ASOS will post 8097.00006933548 EPS for the current fiscal year.

ASOS Company Profile

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.

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