ASOS’s (ASOMY) Outperform Rating Reiterated at Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of ASOS (OTCMKTS:ASOMY) in a report released on Thursday morning, The Fly reports.

A number of other research firms have also commented on ASOMY. Societe Generale reaffirmed a buy rating on shares of ASOS in a research note on Friday, July 16th. Barclays reiterated an equal weight rating on shares of ASOS in a research report on Friday, July 16th. Berenberg Bank reiterated a buy rating on shares of ASOS in a research report on Monday. Zacks Investment Research downgraded shares of ASOS from a hold rating to a strong sell rating in a research report on Monday. Finally, Grupo Santander upgraded shares of ASOS from an underweight rating to a hold rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $80.00.

ASOS stock traded up $2.60 during midday trading on Thursday, reaching $53.70. The stock had a trading volume of 3,642 shares, compared to its average volume of 2,311. The firm has a fifty day moving average of $67.22. ASOS has a twelve month low of $42.94 and a twelve month high of $81.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.23 and a current ratio of 0.99. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 33.15 and a beta of 3.60.

ASOS Company Profile

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 Russia. It offers womenswear and menswear products. The company sells approximately 85,000 products under the ASOS Design, ASOS Edition, ASOS 4505, and Collusion brands, a well as other global and local third-party brands products primarily through its website, asos.com, as well as through social media platforms.

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Analyst Recommendations for ASOS (OTCMKTS:ASOMY)

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