ASOS (LON:ASC) PT Lowered to GBX 490

ASOS (LON:ASC) had its price objective lowered by Berenberg Bank from GBX 510 ($6.35) to GBX 490 ($6.10) in a research report released on Wednesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Separately, Shore Capital restated a sell rating on shares of ASOS in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of GBX 511 ($6.36).

ASOS Trading Up 4.3 %

ASC opened at GBX 364.60 ($4.54) 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 company has a market cap of £435.08 million, a P/E ratio of -164.13, a PEG ratio of -1.26 and a beta of 2.72. 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 business’s 50-day simple moving average is GBX 362.08 and its 200-day simple moving average is GBX 380.08.

Insider Buying and Selling

In other news, insider William Barker purchased 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of GBX 365 ($4.54) per share, for a total transaction of £47,450 ($59,068.84). 50.18% of the stock is currently 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.