ASOS’s (ASC) “Buy” Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of ASOS (LON:ASC) in a report released on Wednesday morning, Marketbeat reports. Shore Capital currently has a GBX 400 target price on the stock.

Several other research firms have also recently weighed in on ASC. Peel Hunt restated an “add” rating and set a GBX 375 price objective on shares of ASOS in a research report on Tuesday. Berenberg Bank restated a “buy” rating and set a GBX 600 price objective on shares of ASOS in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 458.33.

ASOS Stock Performance

ASOS stock opened at GBX 268.79 on Wednesday. The firm’s fifty day moving average price is GBX 295.79 and its 200-day moving average price is GBX 301.16. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The stock has a market cap of £320.35 million, a P/E ratio of -108.86, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. ASOS has a fifty-two week low of GBX 223.20 and a fifty-two week high of GBX 454.20.

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.