ASOS (LON:ASC) Price Target Cut to GBX 300 by Analysts at JPMorgan Chase & Co.

ASOS (LON:ASC) had its target price decreased by JPMorgan Chase & Co. from GBX 350 ($4.36) to GBX 300 ($3.73) in a research note published on Thursday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Berenberg Bank dropped their price target on ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a buy rating for the company in a research report on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 500 ($6.22) price target on shares of ASOS in a research report on Thursday. Shore Capital reiterated a sell rating on shares of ASOS in a research report on Wednesday, April 17th. Barclays reiterated an equal weight rating on shares of ASOS in a research report on Thursday. Finally, Jefferies Financial Group reiterated a hold rating and issued a GBX 375 ($4.67) price target on shares of ASOS in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of GBX 466.25 ($5.80).

ASOS Trading Down 0.4 %

ASC opened at GBX 356.80 ($4.44) on Thursday. The firm has a market cap of £425.77 million, a P/E ratio of -167.51, a P/E/G ratio of -1.26 and a beta of 2.72. ASOS has a 12 month low of GBX 320.33 ($3.99) and a 12 month high of GBX 794 ($9.88). The company has a current ratio of 1.73, a quick ratio of 0.39 and a debt-to-equity ratio of 115.59. The stock has a 50-day moving average of GBX 361.60 and a 200 day moving average of GBX 379.79.

Insiders Place Their Bets

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

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.