ASOS (LON:ASC - Free Report) had its target price trimmed by Berenberg Bank from GBX 510 ($6.35) to GBX 490 ($6.10) in a research note published on Wednesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.
Separately, Shore Capital reissued a sell rating on shares of ASOS in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of GBX 511 ($6.36).
Get Our Latest Analysis on ASOS
ASOS Trading Up 4.9 %
Shares of ASC traded up GBX 16.20 ($0.20) during mid-day trading on Wednesday, reaching GBX 349.60 ($4.35). The stock had a trading volume of 822,077 shares, compared to its average volume of 405,349. The company has a debt-to-equity ratio of 115.59, a current ratio of 1.73 and a quick ratio of 0.39. ASOS has a 52-week low of GBX 320.33 ($3.99) and a 52-week high of GBX 794 ($9.88). The business's fifty day moving average is GBX 362.08 and its 200 day moving average is GBX 380.08. The firm has a market cap of £417.18 million, a price-to-earnings ratio of -164.13, a P/E/G ratio of -1.26 and a beta of 2.72.
Insider Buying and Selling at ASOS
In related news, insider William Barker bought 13,000 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were bought 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 corporate insiders.
ASOS Company Profile
(
Get Free Report)
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.
Read More
Before you consider ASOS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ASOS wasn't on the list.
While ASOS currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
