JPMorgan Chase & Co. Trims ASOS (LON:ASC) Target Price to GBX 300

ASOS (LON:ASC - Free Report) had its price target cut by JPMorgan Chase & Co. from GBX 350 ($4.36) to GBX 300 ($3.73) in a research note published on Thursday, Marketbeat reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank lowered their price target on shares of 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. Jefferies Financial Group reaffirmed a hold rating and issued a GBX 375 ($4.67) price target on shares of ASOS in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 500 ($6.22) price target on shares of ASOS in a research report on Thursday. Barclays reissued an equal weight rating on shares of ASOS in a research report on Thursday. Finally, Shore Capital reissued a sell rating on shares of ASOS in a research report on Wednesday. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of GBX 466.25 ($5.80).

ASOS Trading Up 2.5 %

ASOS stock traded up GBX 8.80 ($0.11) during trading hours on Thursday, hitting GBX 358.40 ($4.46). The company had a trading volume of 688,837 shares, compared to its average volume of 405,523. The firm has a market cap of £427.68 million, a P/E ratio of -169.74, a P/E/G ratio of -1.26 and a beta of 2.72. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.39 and a current ratio of 1.73. ASOS has a 1 year low of GBX 320.33 ($3.99) and a 1 year high of GBX 794 ($9.88). The company has a 50-day moving average price of GBX 362.08 and a two-hundred day moving average price of GBX 380.08.

Insider Buying and Selling at ASOS

In related news, insider William Barker purchased 474,000 shares of the business's stock in a transaction on Monday, February 26th. The shares were acquired at an average price of GBX 364 ($4.53) per share, for a total transaction of £1,725,360 ($2,147,840.16). 50.18% of the stock is currently owned by company 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.