ASOS’s (ASC) Hold Rating Reiterated at Shore Capital

Shore Capital reaffirmed their hold rating on shares of ASOS (LON:ASC) in a report issued on Tuesday, MarketBeat Ratings reports.

A number of other brokerages have also recently commented on ASC. Berenberg Bank reissued a “buy” rating and issued a GBX 490 ($6.38) price target on shares of ASOS in a research report on Thursday, September 5th. Barclays cut ASOS to an “underweight” rating and lowered their price objective for the company from GBX 300 ($3.91) to GBX 290 ($3.78) in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 391 ($5.09).

ASOS Trading Down 0.6 %

LON:ASC opened at GBX 340 ($4.43) on Tuesday. The firm has a market capitalization of £404.97 million, a P/E ratio of -170.85, a PEG ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 158.84, a current ratio of 1.51 and a quick ratio of 0.39. ASOS has a one year low of GBX 328.84 ($4.28) and a one year high of GBX 453.80 ($5.91). The company’s 50-day simple moving average is GBX 405.16 and its 200 day simple moving average is GBX 376.20.

Insider Buying and Selling

In other ASOS news, insider Dave Murray bought 5,800 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of GBX 346 ($4.50) per share, for a total transaction of £20,068 ($26,123.41). 51.44% 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.