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ASOS (LON:ASC) Given a GBX 2,000 Price Target at Royal Bank of Canada

ASOS (LON:ASC) Given a GBX 2,000 Price Target at Royal Bank of Canada #ASOS #LONASC #GBX #Price #Target #Royal #Bank #Canada Welcome to Today Trending Tweets, here is the new story we have for you today:

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Royal Bank of Canada set a GBX 2,000 ($24.17) price target on ASOS (LON:ASCGet Rating) in a research note released on Friday morning, Borsen Zeitung reports.

Several other brokerages have also weighed in on ASC. Credit Suisse Group set a GBX 1,450 ($17.52) price objective on ASOS in a report on Monday, June 20th. UBS Group set a GBX 1,250 ($15.10) price objective on ASOS in a report on Wednesday, August 17th. Barclays cut their price objective on ASOS from GBX 1,075 ($12.99) to GBX 920 ($11.12) and set an equal weight rating for the company in a report on Tuesday, August 30th. The Goldman Sachs Group set a GBX 1,300 ($15.71) price objective on ASOS in a report on Monday, June 20th. Finally, Shore Capital restated a sell rating on shares of ASOS in a report on Monday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, ASOS has a consensus rating of Moderate Buy and a consensus target price of GBX 2,076.54 ($25.09).

ASOS Trading Down 0.7 %

LON:ASC opened at GBX 673.50 ($8.14) on Friday. ASOS has a 1 year low of GBX 621 ($7.50) and a 1 year high of GBX 3,549.12 ($42.88). The stock has a market cap of £673.10 million and a price-to-earnings ratio of 2,322.41. The business has a fifty day moving average of GBX 904.12 and a 200-day moving average of GBX 1,261.55. The company has a debt-to-equity ratio of 77.77, a quick ratio of 0.52 and a current ratio of 1.59.

Insider Buying and Selling

In other ASOS news, insider Jørgen Lindemann acquired 57,392 shares of ASOS stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average cost of GBX 854 ($10.32) per share, with a total value of £490,127.68 ($592,227.74).

About ASOS

(Get Rating)

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses.

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Analyst Recommendations for ASOS (LON:ASC)

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