ASOS.com (LON:ASC) had its price objective upped by Credit Suisse Group from GBX 5,725 ($79.10) to GBX 7,050 ($97.40) in a report issued on Monday, March 12th. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s target price would indicate a potential downside of 7.16% from the stock’s previous close.
A number of other research firms have also commented on ASC. Peel Hunt reissued a “buy” rating and issued a GBX 7,000 ($96.71) price objective on shares of ASOS.com in a research note on Wednesday, November 29th. Jefferies Group raised ASOS.com to a “buy” rating and boosted their price objective for the stock from GBX 5,000 ($69.08) to GBX 9,000 ($124.34) in a research note on Tuesday, February 27th. Berenberg Bank boosted their price objective on ASOS.com from GBX 6,800 ($93.95) to GBX 8,300 ($114.67) and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Goldman Sachs boosted their price objective on ASOS.com from GBX 6,100 ($84.28) to GBX 7,300 ($100.86) and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 8,100 ($111.91) price objective on shares of ASOS.com in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 7,087 ($97.91).
ASC stock opened at GBX 7,594 ($104.92) on Monday. The company has a market capitalization of $6,360.00 and a price-to-earnings ratio of 9,992.11. ASOS.com has a one year low of GBX 58.29 ($0.81) and a one year high of GBX 7,770 ($107.35).
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ASOS.com 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, and the Russian Federation. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and own-labeled products primarily through its Website, asos.com, as well as through social media platforms and magazines.
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