ASOS (LON:ASC) PT Lowered to GBX 490 at Berenberg Bank

ASOS (LON:ASC) had its price objective reduced by Berenberg Bank from GBX 510 ($6.35) to GBX 490 ($6.10) in a research note issued to investors on Wednesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Separately, Shore Capital restated a sell rating on shares of ASOS in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of GBX 466.25 ($5.80).

ASOS Trading Down 0.4 %

Shares of ASC opened at GBX 356.80 ($4.44) on Wednesday. ASOS has a one year low of GBX 320.33 ($3.99) and a one year high of GBX 794 ($9.88). The stock has a 50-day moving average price of GBX 361.60 and a 200 day moving average price of GBX 379.74. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.39 and a current ratio of 1.73. The company has a market capitalization of £425.77 million, a P/E ratio of -167.51, a P/E/G ratio of -1.26 and a beta of 2.72.

Insider Buying and Selling

In related news, insider William Barker bought 474,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was bought at an average cost of GBX 364 ($4.53) per share, for a total transaction of £1,725,360 ($2,147,840.16). 50.18% of the stock is owned by company insiders.

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.