ASOS (LON:ASC) Price Target Lowered to GBX 240 at JPMorgan Chase & Co.

ASOS (LON:ASC) had its target price cut by JPMorgan Chase & Co. from GBX 270 to GBX 240 in a report issued on Monday morning, MarketBeat.com reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 600 price objective on shares of ASOS in a report on Thursday, November 13th. Shore Capital reaffirmed a “buy” rating and issued a GBX 400 target price on shares of ASOS in a research report on Wednesday, October 1st. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 335 price target on shares of ASOS in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, ASOS has an average rating of “Moderate Buy” and a consensus price target of GBX 383.33.

ASOS Stock Performance

Shares of ASC stock opened at GBX 218.50 on Monday. The company has a market cap of £260.42 million, a price-to-earnings ratio of -0.88, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. ASOS has a 52 week low of GBX 217 and a 52 week high of GBX 454.20. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The firm has a 50 day moving average of GBX 256.11 and a 200-day moving average of GBX 291.02.

ASOS (LON:ASC) last released its earnings results on Friday, November 21st. The company reported GBX (250.10) earnings per share (EPS) for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. On average, equities analysts forecast that ASOS will post 12.4165252 earnings per share for the current year.

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.