ASOS (LON:ASC) Price Target Lowered to GBX 490 at Berenberg Bank

ASOS (LON:ASC) had its price target reduced by Berenberg Bank from GBX 510 ($6.35) to GBX 490 ($6.10) in a research report report published on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Shore Capital reiterated a sell rating on shares of ASOS in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of GBX 511 ($6.36).

ASOS Price Performance

ASC opened at GBX 364.60 ($4.54) on Wednesday. The business’s 50-day moving average is GBX 362.08 and its two-hundred day moving average is GBX 380.08. 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 debt-to-equity ratio of 115.59, a current ratio of 1.73 and a quick ratio of 0.39. The firm has a market capitalization of £435.08 million, a PE ratio of -164.13, a price-to-earnings-growth ratio of -1.26 and a beta of 2.72.

Insider Transactions at ASOS

In other ASOS news, insider William Barker purchased 13,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were acquired 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.