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 sent to investors on Wednesday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Shore Capital reaffirmed a sell rating on shares of ASOS in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, ASOS has an average rating of Hold and a consensus price target of GBX 466.25 ($5.80).

ASOS Trading Down 0.4 %

ASOS stock opened at GBX 356.80 ($4.44) on Wednesday. ASOS has a 12 month low of GBX 320.33 ($3.99) and a 12 month high of GBX 794 ($9.88). The stock has a market cap of £425.77 million, a price-to-earnings ratio of -167.51, a price-to-earnings-growth ratio of -1.26 and a beta of 2.72. The business has a 50 day moving average price of GBX 361.60 and a two-hundred day moving average price of GBX 379.74. The company has a quick ratio of 0.39, a current ratio of 1.73 and a debt-to-equity ratio of 115.59.

Insider Buying and Selling

In other news, insider William Barker acquired 474,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of GBX 364 ($4.53) per share, with a total value of £1,725,360 ($2,147,840.16). 50.18% of the stock is currently owned by corporate 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.