ASOS (LON:ASC) Rating Reiterated by Shore Capital

ASOS (LON:ASC)‘s stock had its “sell” rating reaffirmed by investment analysts at Shore Capital in a research note issued to investors on Monday, Marketbeat.com reports.

Several other research analysts have also recently weighed in on ASC. Barclays reduced their price target on ASOS from GBX 450 ($5.55) to GBX 445 ($5.49) and set an “equal weight” rating for the company in a research report on Wednesday, September 27th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ASOS in a research report on Tuesday, July 18th. Berenberg Bank reduced their price target on ASOS from GBX 940 ($11.60) to GBX 760 ($9.38) and set a “buy” rating for the company in a research report on Tuesday, September 26th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 550 ($6.79) price target on shares of ASOS in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 738.75 ($9.12).

ASOS Trading Up 2.1 %

Shares of LON:ASC opened at GBX 397.90 ($4.91) on Monday. ASOS has a 52-week low of GBX 320.33 ($3.95) and a 52-week high of GBX 1,015 ($12.53). The stock has a market cap of £474.46 million, a price-to-earnings ratio of -186.81, a PEG ratio of -1.26 and a beta of 3.17. The company has a quick ratio of 0.39, a current ratio of 1.73 and a debt-to-equity ratio of 115.59. The business has a 50-day moving average price of GBX 394.57 and a 200-day moving average price of GBX 426.61.

About ASOS

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 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.