ASOS PLC/ADR (OTCMKTS:ASOMY) Downgraded by Zacks Investment Research to Sell

ASOS PLC/ADR (OTCMKTS:ASOMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “ASOS Plc is an online fashion destination. It offers branded and own-branded product lines, including womenswear and menswear, footwear, accessories, jewelry and beauty and grooming products primarily through its Website, asos.com. The company operates primarily in the United Kingdom, France, Germany, Italy, Spain, Australia, the United States, Russia and China. ASOS Plc is based in London, United Kingdom. “

Separately, UBS Group lowered to a “neutral” rating and raised their target price for the company from GBX 3,300 ($43.12) to GBX 3,500 ($45.73) in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.00.

Shares of ASOMY stock traded up $1.45 during trading hours on Thursday, reaching $33.01. The company had a trading volume of 2,506 shares, compared to its average volume of 6,583. ASOS PLC/ADR has a 12 month low of $26.76 and a 12 month high of $83.63. The firm has a fifty day moving average of $38.87. The company has a market capitalization of $2.74 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 6.06 and a beta of 2.82.

ASOS PLC/ADR Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS PLC/ADR (OTCMKTS:ASOMY)

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