Liberum Capital reissued their sell rating on shares of ASOS (LON:ASC) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts also recently weighed in on ASC. Royal Bank of Canada lifted their target price on ASOS from GBX 2,500 ($30.77) to GBX 4,000 ($49.22) and gave the company an outperform rating in a research note on Tuesday, June 9th. JPMorgan Chase & Co. reissued a buy rating and issued a GBX 3,900 ($47.99) price target on shares of ASOS in a report on Tuesday, June 23rd. Morgan Stanley raised ASOS to an equal weight rating and reduced their price target for the company from GBX 2,000 ($24.61) to GBX 1,650 ($20.31) in a report on Tuesday, May 12th. Bank of America raised their price target on ASOS from GBX 2,050 ($25.23) to GBX 2,750 ($33.84) and gave the company an underperform rating in a report on Monday, June 22nd. Finally, Shore Capital reissued a hold rating on shares of ASOS in a report on Wednesday, April 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 3,454.44 ($42.51).
ASC opened at GBX 3,423 ($42.12) on Tuesday. ASOS has a one year low of GBX 975.20 ($12.00) and a one year high of GBX 3,773 ($46.43). The company has a market cap of $3.41 billion and a P/E ratio of 64.22. The company has a debt-to-equity ratio of 92.82, a quick ratio of 0.11 and a current ratio of 0.83. The business’s 50-day simple moving average is GBX 3,050.66 and its 200-day simple moving average is GBX 2,766.09.
ASOS (LON:ASC) last released its quarterly earnings results on Tuesday, April 7th. The company reported GBX 27.60 ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 5.80 ($0.07) by GBX 21.80 ($0.27). As a group, analysts predict that ASOS will post 8210.1604612 earnings per share for the current fiscal year.
In other ASOS news, insider Nicholas Robertson bought 1,000,000 shares of ASOS stock in a transaction dated Thursday, April 9th. The stock was bought at an average price of GBX 2,100 ($25.84) per share, for a total transaction of £21,000,000 ($25,842,973.17). Also, insider Luke Jensen bought 1,800 shares of ASOS stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of GBX 2,773 ($34.13) per share, with a total value of £49,914 ($61,425.06).
ASOS 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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