Shore Capital Reaffirms “Sell” Rating for ASOS (LON:ASC)

Shore Capital reiterated their sell rating on shares of ASOS (LON:ASC) in a research report released on Wednesday, Marketbeat Ratings reports.

Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 600 ($7.47) price objective on shares of ASOS in a research report on Thursday, February 1st. One research 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 data from MarketBeat.com, ASOS has a consensus rating of Hold and a consensus price target of GBX 511 ($6.36).

ASOS Stock Up 4.3 %

Shares of ASC opened at GBX 364.60 ($4.54) on Wednesday. The company has a 50-day simple moving average of GBX 362.08 and a 200-day simple moving average of GBX 380.08. The firm has a market capitalization of £435.08 million, a P/E ratio of -164.13, a P/E/G 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. ASOS has a 52 week low of GBX 320.33 ($3.99) and a 52 week high of GBX 794 ($9.88).

Insider Activity at ASOS

In other ASOS news, insider William Barker bought 13,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of GBX 365 ($4.54) per share, with a total value of £47,450 ($59,068.84). 50.18% of the stock is currently owned by insiders.

About ASOS

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.