ASOS (LON:ASC) Price Target Cut to GBX 1,700

ASOS (LON:ASCGet Rating) had its target price lowered by Liberum Capital from GBX 2,300 ($29.97) to GBX 1,700 ($22.15) in a research report released on Tuesday morning, Marketbeat reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also issued reports about the company. Morgan Stanley reaffirmed an equal weight rating on shares of ASOS in a research report on Friday, March 25th. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 7,200 ($93.82) target price on shares of ASOS in a research report on Monday. Barclays dropped their target price on ASOS from GBX 2,280 ($29.71) to GBX 2,125 ($27.69) and set an equal weight rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on ASOS from GBX 3,300 ($43.00) to GBX 2,900 ($37.79) and set an overweight rating on the stock in a research report on Thursday, March 10th. Finally, Shore Capital reissued an under review rating on shares of ASOS in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of GBX 3,748.08 ($48.84).

Shares of ASOS stock opened at GBX 1,499 ($19.53) on Tuesday. The stock has a 50-day moving average price of GBX 1,799.91 and a 200 day moving average price of GBX 2,247.98. The company has a market cap of £1.50 billion and a P/E ratio of 12.00. The company has a current ratio of 1.56, a quick ratio of 0.72 and a debt-to-equity ratio of 76.61. ASOS has a 1 year low of GBX 1,442.41 ($18.80) and a 1 year high of GBX 5,514 ($71.85).

In other news, insider Nicholas Robertson sold 132,481 shares of ASOS stock in a transaction on Monday, January 31st. The stock was sold at an average price of GBX 2,204 ($28.72), for a total value of £2,919,881.24 ($3,804,901.28).

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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