ASOS (LON:ASC) has been assigned a GBX 6,500 ($84.92) target price by Jefferies Financial Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 16.09% from the company’s current price.
ASC has been the subject of a number of other research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a GBX 6,100 ($79.70) price target on shares of ASOS in a research report on Wednesday, January 13th. The Goldman Sachs Group set a GBX 6,500 ($84.92) price objective on ASOS and gave the company a “buy” rating in a report on Tuesday, March 9th. Berenberg Bank reissued a “buy” rating and issued a GBX 6,500 ($84.92) price objective on shares of ASOS in a report on Thursday, January 14th. Shore Capital reissued a “hold” rating on shares of ASOS in a report on Tuesday, February 16th. Finally, Credit Suisse Group reissued a “buy” rating and issued a GBX 7,250 ($94.72) price objective on shares of ASOS in a report on Thursday, February 11th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 5,928.60 ($77.46).
Shares of ASC opened at GBX 5,599.27 ($73.15) on Thursday. The stock has a 50-day moving average of GBX 5,594.88 and a two-hundred day moving average of GBX 5,007.58. ASOS has a one year low of GBX 2,016 ($26.34) and a one year high of GBX 5,994.95 ($78.32). The company has a debt-to-equity ratio of 38.64, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a market cap of £5.59 billion and a P/E ratio of 44.34.
In related news, insider Luke Jensen purchased 1,995 shares of the company’s stock in a transaction dated Thursday, February 4th. The stock was acquired at an average cost of GBX 5,002 ($65.35) per share, for a total transaction of £99,789.90 ($130,376.14).
ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and Russia. It offers womenswear and menswear products. The company sells approximately 85,000 products under the ASOS Design, ASOS Edition, ASOS 4505, and Collusion brands, a well as other global and local third-party brands products primarily through its website, asos.com, as well as through social media platforms.
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