ASOS (LON:ASC) PT Lowered to GBX 300

ASOS (LON:ASC) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from GBX 350 ($4.36) to GBX 300 ($3.73) in a note issued to investors on Thursday, MarketBeat reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 15.92% from the stock’s current price.

ASC has been the subject of several other research reports. Berenberg Bank cut their price target on ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a “buy” rating for the company in a report on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 375 ($4.67) target price on shares of ASOS in a research note on Thursday. Barclays reissued an “equal weight” rating on shares of ASOS in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 500 ($6.22) price objective on shares of ASOS in a research report on Thursday. Finally, Shore Capital reiterated a “sell” rating on shares of ASOS 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 466.25 ($5.80).

ASOS Stock Down 0.4 %

ASC stock opened at GBX 356.80 ($4.44) on Thursday. The company has a current ratio of 1.73, a quick ratio of 0.39 and a debt-to-equity ratio of 115.59. The firm has a 50-day moving average of GBX 361.60 and a two-hundred day moving average of GBX 379.74. ASOS has a 12 month low of GBX 320.33 ($3.99) and a 12 month high of GBX 794 ($9.88). The company has a market cap of £425.77 million, a price-to-earnings ratio of -167.51, a PEG ratio of -1.26 and a beta of 2.72.

Insider Buying and Selling at ASOS

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

About ASOS

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.