Jefferies Financial Group Reaffirms Buy Rating for ASOS (LON:ASC)

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Jefferies Financial Group reaffirmed their buy rating on shares of ASOS (LON:ASC) in a research report sent to investors on Monday morning, Borsen Zeitung reports. Jefferies Financial Group currently has a GBX 5,900 ($77.13) price objective on the stock.

A number of other research analysts have also recently weighed in on the company. Investec raised ASOS to a buy rating and lifted their price objective for the company from GBX 3,582 ($46.83) to GBX 4,820 ($63.01) in a research report on Thursday, June 4th. Peel Hunt reaffirmed a buy rating and set a GBX 5,000 ($65.37) price objective on shares of ASOS in a research report on Wednesday, August 12th. UBS Group set a GBX 3,500 ($45.76) price objective on ASOS and gave the company a neutral rating in a research report on Wednesday, August 12th. Goldman Sachs Group reaffirmed a buy rating and set a GBX 4,100 ($53.60) price objective on shares of ASOS in a research report on Wednesday, August 12th. Finally, Bank of America lifted their price objective on ASOS from GBX 2,050 ($26.80) to GBX 2,750 ($35.95) and gave the company an underperform rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 4,396.71 ($57.48).

ASC stock opened at GBX 4,975 ($65.04) on Monday. ASOS has a twelve month low of GBX 33.04 ($0.43) and a twelve month high of GBX 3,931 ($51.39). The company has a quick ratio of 0.11, a current ratio of 0.83 and a debt-to-equity ratio of 92.82. The stock has a market cap of $4.96 billion and a P/E ratio of 95.01. The business’s 50-day moving average price is GBX 3,700.68 and its 200-day moving average price is GBX 2,889.84.

ASOS Company Profile

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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Analyst Recommendations for ASOS (LON:ASC)

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