ASOS (LON:ASC) Earns Hold Rating from Jefferies Financial Group

ASOS (LON:ASC - Get Free Report)'s stock had its "hold" rating reaffirmed by analysts at Jefferies Financial Group in a report issued on Thursday, Marketbeat.com reports. They currently have a GBX 375 ($4.67) price target on the stock. Jefferies Financial Group's target price points to a potential upside of 4.63% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Barclays reaffirmed an "equal weight" rating on shares of ASOS in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 500 ($6.22) price target on shares of ASOS in a report on Thursday. Shore Capital reiterated a "sell" rating on shares of ASOS in a report on Wednesday. Finally, Berenberg Bank cut their price target on shares of ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a "buy" rating on the stock in a 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. According to MarketBeat, ASOS presently has a consensus rating of "Hold" and an average target price of GBX 466.25 ($5.80).

ASOS Price Performance

Shares of LON ASC traded up GBX 8.80 ($0.11) during midday trading on Thursday, reaching GBX 358.40 ($4.46). 688,837 shares of the company were exchanged, compared to its average volume of 405,523. The stock's 50-day moving average price is GBX 362.08 and its 200-day moving average price is GBX 380.08. The stock has a market cap of £427.68 million, a P/E ratio of -169.74, a PEG ratio of -1.26 and a beta of 2.72. ASOS has a one year low of GBX 320.33 ($3.99) and a one year high of GBX 794 ($9.88). 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 Activity at ASOS

In related news, insider William Barker acquired 13,000 shares of the company's stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of GBX 365 ($4.54) per share, for a total transaction of £47,450 ($59,068.84). 50.18% of the stock is 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.