ASOS's (ASC) Buy Rating Reaffirmed at Shore Capital

Key Points

• Shore Capital has reaffirmed a "buy" rating on ASOS with a target price of GBX 400, suggesting a potential 40.93% upside from its current price.
• ASOS shares rose 1.7% to GBX 283.84 with a market cap of £338.29 million and significant trading volume of over 752,000 shares.
• The stock has a current consensus rating of "Buy" with an average target price of GBX 458.33, backed by multiple analysts' reports.

ASOS (LON:ASC - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 400 target price on the stock. Shore Capital's price objective would indicate a potential upside of 40.93% from the company's current price.

A number of other analysts have also recently issued reports on ASC. Peel Hunt reissued an "add" rating and issued a GBX 375 price objective on shares of ASOS in a research note on Tuesday. Berenberg Bank restated a "buy" rating and issued a GBX 600 price target on shares of ASOS in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ASOS has a consensus rating of "Buy" and an average target price of GBX 458.33.

ASOS Stock Up 1.7%

LON:ASC traded up GBX 4.84 during mid-day trading on Wednesday, hitting GBX 283.84. 752,258 shares of the company's stock were exchanged, compared to its average volume of 368,732. The business has a fifty day moving average price of GBX 301.20 and a 200 day moving average price of GBX 300.92. The company has a market cap of £338.29 million, a PE ratio of -114.96, a P/E/G ratio of -1.26 and a beta of 2.86. ASOS has a one year low of GBX 223.20 and a one year high of GBX 454.20. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39.

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 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.

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