Credit Suisse Group Reaffirms “Outperform” Rating for ASOS (LON:ASC)

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Credit Suisse Group reiterated their outperform rating on shares of ASOS (LON:ASC) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently issued reports on ASC. Liberum Capital reissued an under review rating on shares of ASOS in a research report on Friday, July 19th. UBS Group reissued a neutral rating on shares of ASOS in a research report on Tuesday, October 8th. Barclays cut shares of ASOS to an equal weight rating and reduced their target price for the company from GBX 4,200 ($54.88) to GBX 2,750 ($35.93) in a research report on Friday, July 19th. Peel Hunt reissued a hold rating and issued a GBX 3,000 ($39.20) target price on shares of ASOS in a research report on Monday. Finally, Shore Capital reissued a sell rating on shares of ASOS in a research report on Friday, October 11th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 3,173.35 ($41.47).

Shares of ASOS stock opened at GBX 3,286 ($42.94) on Monday. The firm has a 50-day moving average of GBX 2,495.52 and a 200-day moving average of GBX 2,942.36. The stock has a market cap of $2.76 billion and a PE ratio of 45.32. ASOS has a 52-week low of GBX 2,033 ($26.56) and a 52-week high of GBX 6,152 ($80.39). The company has a debt-to-equity ratio of 12.69, a quick ratio of 0.11 and a current ratio of 0.85.

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.

See Also: Net Asset Value

Analyst Recommendations for ASOS (LON:ASC)

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