ASOS (LON:ASC) Given New GBX 330 Price Target at JPMorgan Chase & Co.

ASOS (LON:ASC) had its price target hoisted by JPMorgan Chase & Co. from GBX 285 to GBX 330 in a research note issued on Thursday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 4.76% from the company’s current price.

ASC has been the topic of several other reports. Berenberg Bank restated a “buy” rating and set a GBX 600 target price on shares of ASOS in a report on Wednesday. Shore Capital Group reiterated a “buy” rating on shares of ASOS in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ASOS presently has an average rating of “Moderate Buy” and an average target price of GBX 371.83.

ASOS Stock Performance

ASC stock opened at GBX 315 on Thursday. The business’s 50-day moving average price is GBX 258.73 and its two-hundred day moving average price is GBX 264.16. 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 firm has a market cap of £376.89 million, a PE ratio of -1.63, a P/E/G ratio of -1.26 and a beta of 2.27. ASOS has a 1-year low of GBX 206.50 and a 1-year high of GBX 375.30.

ASOS (LON:ASC) last announced its quarterly earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share (EPS) for the quarter. The business had revenue of GBX 111.60 billion during the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%. As a group, research analysts forecast that ASOS will post 12.4165252 earnings per share for the current year.

Insider Buying and Selling

In other ASOS news, insider William Barker bought 1,627,693 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was acquired at an average price of GBX 235 per share, with a total value of £3,825,078.55. Insiders have acquired a total of 1,733,163 shares of company stock worth $407,118,076 in the last ninety days. Corporate 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.