ASOS (ASC) ‘Sell’ rating reaffirmed to Shore Capital
ASOS (LON:ASC – Get a rating)The stock had its “sell” rating reiterated by analysts at Shore Capital in a research note released Monday to investors, MarketBeat reports.
A number of other brokerages also weighed in on ASC. Goldman Sachs Group set a price target of 1,300 GBX ($15.71) on ASOS shares in a Monday, June 20 report. JPMorgan Chase & Co. set a target price of 1,500 GBX ($18.12) on ASOS in a Wednesday, August 24 report. Barclays lowered its price target on ASOS from 1,075 GBX ($12.99) to 920 GBX ($11.12) and set an ‘equal weight’ rating for the company in a Tuesday, August 30 research note . Berenberg Bank cut its price target on ASOS from 2,500 GBX ($30.21) to 1,800 GBX ($21.75) and set a ‘buy’ rating on the stock in a research note Wednesday, August 31. Finally, Royal Bank of Canada set a target price of 2,000 GBX ($24.17) on ASOS shares in a Friday, June 17 research report. One research analyst rated the stock with a sell rating, four gave the stock a hold rating, and seven gave the stock a buy rating. According to data from MarketBeat, ASOS has an average rating of “moderate buy” and an average target price of 2,204.62 GBX ($26.64).
ASOS down 6.8%
ASC fell 46.89 GBX ($0.57) during Monday’s trading, reaching 638.11 GBX ($7.71). Shares of the company had a trading volume of 991,358 shares, compared to an average volume of 644,085. ASOS has a 12-month low of 621 GBX ($7.50) and a 12-month high of 3,583 GBX ($43.29). The stock has a market capitalization of £637.72 million and a PE ratio of 2,200.37. The company’s 50-day rolling average price is 932.07 GBX and its 200-day rolling average price is 1,325.81 GBX. The company has a debt ratio of 77.77, a current ratio of 1.59 and a quick ratio of 0.52.
Insider buying and selling
In other ASOS news, insider Jørgen Lindemann bought 57,392 shares of the company in a trade dated Thursday, June 16. The share was acquired at an average cost of 854 GBX ($10.32) per share, with a total value of £490,127.68 ($592,227.74).
ASOS Plc operates as an online fashion retailer worldwide. It offers feminine and masculine products. The Company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. He is also involved in employing marketing staff and payment processing companies.
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