ASOS Plc (LON:ASC – Get Rating)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 1,248 ($15.39) and last traded at GBX 1,250.60 ($15.42), with a volume of 63401 shares trading hands. The stock had previously closed at GBX 1,324 ($16.32).
ASC has been the topic of several research analyst reports. Credit Suisse Group set a GBX 2,850 ($35.14) price target on ASOS in a research note on Wednesday, April 20th. Shore Capital reiterated an “under review” rating on shares of ASOS in a research note on Tuesday, April 12th. Berenberg Bank dropped their price target on ASOS from GBX 5,500 ($67.81) to GBX 4,100 ($50.55) and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Barclays dropped their price target on ASOS from GBX 2,280 ($28.11) to GBX 2,125 ($26.20) and set an “equal weight” rating on the stock in a research note on Wednesday, April 13th. Finally, JPMorgan Chase & Co. lowered their target price on ASOS from GBX 3,300 ($40.69) to GBX 2,900 ($35.75) and set an “overweight” rating on the stock in a research note on Thursday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 3,486.79 ($42.99).
The company has a market cap of £1.40 billion and a price-to-earnings ratio of 42.29. The company has a current ratio of 1.59, a quick ratio of 0.52 and a debt-to-equity ratio of 77.77. The business has a fifty day moving average of GBX 1,548.60 and a two-hundred day moving average of GBX 2,017.63.
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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