ASOS (LON:ASC) Earns “Neutral” Rating from UBS Group

UBS Group reaffirmed their neutral rating on shares of ASOS (LON:ASC) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently weighed in on ASC. Peel Hunt reissued a hold rating and issued a GBX 3,000 ($39.20) price target on shares of ASOS in a research note on Thursday, October 3rd. Credit Suisse Group set a GBX 3,450 ($45.08) price target on shares of ASOS and gave the stock a buy rating in a research note on Wednesday, September 4th. Shore Capital reissued a hold rating on shares of ASOS in a research note on Thursday, July 18th. Morgan Stanley raised shares of ASOS to an equal weight rating and lowered their price target for the stock from GBX 2,200 ($28.75) to GBX 2,100 ($27.44) in a research note on Thursday, July 25th. Finally, Barclays downgraded shares of ASOS to an equal weight rating and lowered their price objective for the company from GBX 4,200 ($54.88) to GBX 2,750 ($35.93) in a research note on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 3,196.88 ($41.77).

ASOS stock opened at GBX 2,575 ($33.65) on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.85 and a debt-to-equity ratio of 12.69. The company has a market capitalization of $2.16 billion and a PE ratio of 35.52. The firm has a fifty day simple moving average of GBX 2,451.24 and a two-hundred day simple moving average of GBX 2,952.12. ASOS has a twelve month low of GBX 2,033 ($26.56) and a twelve month high of GBX 6,152 ($80.39).

In other news, insider Adam Crozier acquired 4,200 shares of the stock in a transaction dated Thursday, July 18th. The stock was purchased at an average cost of GBX 2,384 ($31.15) per share, with a total value of £100,128 ($130,834.97).

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.

Further Reading: Net Margin

Analyst Recommendations for ASOS (LON:ASC)

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