ASOS (LON:ASC) PT Raised to GBX 4,200 at Barclays

ASOS (LON:ASC) had its price objective boosted by Barclays from GBX 4,000 ($52.27) to GBX 4,200 ($54.88) in a report published on Thursday, April 11th, ThisIsMoney.Co.Uk reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on ASC. Numis Securities reaffirmed a buy rating and set a GBX 5,000 ($65.33) price objective on shares of ASOS in a research note on Wednesday, April 10th. UBS Group reaffirmed a buy rating and set a GBX 3,500 ($45.73) price objective on shares of ASOS in a research note on Wednesday, April 10th. Royal Bank of Canada raised their price objective on shares of ASOS from GBX 3,600 ($47.04) to GBX 4,300 ($56.19) and gave the stock an outperform rating in a research note on Wednesday, April 10th. Liberum Capital raised their price objective on shares of ASOS from GBX 2,800 ($36.59) to GBX 3,200 ($41.81) and gave the stock a hold rating in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group reissued a buy rating on shares of ASOS in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. ASOS currently has a consensus rating of Buy and an average target price of GBX 4,621.59 ($60.39).

Shares of ASC stock traded up GBX 105 ($1.37) during mid-day trading on Thursday, hitting GBX 3,977 ($51.97). 323,710 shares of the stock traded hands, compared to its average volume of 293,510. The firm has a market cap of $3.33 billion and a price-to-earnings ratio of 54.86. 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 has a 52-week low of GBX 2,114 ($27.62) and a 52-week high of GBX 6,896 ($90.11).

ASOS (LON:ASC) last announced its quarterly earnings data on Wednesday, April 10th. The company reported GBX 3.60 ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 3.10 ($0.04) by GBX 0.50 ($0.01). As a group, equities analysts predict that ASOS will post 8096.9998152947 earnings per share for the current fiscal year.

In other ASOS news, insider Nicholas Robertson sold 410,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of GBX 3,722 ($48.63), for a total value of £15,260,200 ($19,940,154.19).

About ASOS

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.

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