ASOS (LON:ASC) Given a GBX 3,300 Price Target by JPMorgan Chase & Co. Analysts

ASOS (LON:ASC) received a GBX 3,300 ($44.79) price target from equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 41.15% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group set a GBX 4,050 ($54.97) price objective on ASOS in a research report on Wednesday, November 17th. Liberum Capital dropped their price objective on ASOS from GBX 3,560 ($48.32) to GBX 2,300 ($31.22) and set a “hold” rating on the stock in a research report on Thursday. Credit Suisse Group set a GBX 3,700 ($50.22) price objective on ASOS in a research report on Tuesday, January 4th. Peel Hunt reaffirmed a “buy” rating and set a GBX 5,000 ($67.87) price objective on shares of ASOS in a research report on Thursday, December 23rd. Finally, The Goldman Sachs Group set a GBX 3,300 ($44.79) price target on ASOS in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 4,281.43 ($58.12).

Shares of ASC stock opened at GBX 2,338 ($31.74) on Thursday. ASOS has a 1-year low of GBX 1,970.50 ($26.75) and a 1-year high of GBX 5,994.95 ($81.38). The stock’s 50-day moving average is GBX 2,378.97 and its 200 day moving average is GBX 3,178.34. The company has a market cap of £2.34 billion and a P/E ratio of 18.63. The company has a debt-to-equity ratio of 76.61, a current ratio of 1.56 and a quick ratio of 0.72.

In other ASOS news, insider Eugenia Ulasewicz acquired 500 shares of the company’s stock in a transaction on Tuesday, October 19th. The shares were bought at an average cost of GBX 2,539 ($34.46) per share, with a total value of £12,695 ($17,232.25). Also, insider Mathew Dunn sold 3,988 shares of the firm’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of GBX 2,479 ($33.65), for a total value of £98,862.52 ($134,196.44).

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.

See Also: How dollar cost averaging works

Analyst Recommendations for ASOS (LON:ASC)

Receive News & Ratings for ASOS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASOS and related companies with MarketBeat.com's FREE daily email newsletter.