ASOS (LON:ASC) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

ASOS (LON:ASC) had its target price boosted by stock analysts at Royal Bank Of Canada from GBX 275 to GBX 400 in a research note issued to investors on Wednesday,Digital Look reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 8.40% from the stock’s current price.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. raised their price target on ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 600 price objective on shares of ASOS in a report on Wednesday, July 1st. Shore Capital Group reiterated a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 375.86.

ASOS Stock Performance

LON ASC opened at GBX 369 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. The business’s 50 day moving average is GBX 312.13 and its two-hundred day moving average is GBX 275.75. ASOS has a 12-month low of GBX 206.50 and a 12-month high of GBX 390.50. The stock has a market capitalization of £441.50 million, a price-to-earnings ratio of -1.91, a PEG ratio of -1.26 and a beta of 2.28.

Insiders Place Their Bets

In related news, insider William Barker bought 89,691 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of GBX 229 per share, with a total value of £205,392.39. Insiders own 19.82% of the company’s stock.

About ASOS

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 internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.