ASOS (LON:ASC) Receives Hold Rating from Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of ASOS (LON:ASC) in a report published on Thursday morning, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 375 ($4.67) price target on the stock.

Several other brokerages have also recently weighed in on ASC. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 500 ($6.22) price target on shares of ASOS in a research note on Thursday. Barclays reissued an equal weight rating on shares of ASOS in a research note on Thursday. Shore Capital reissued a sell rating on shares of ASOS in a research note on Wednesday. Finally, Berenberg Bank decreased their target price on shares of ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a buy rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, ASOS presently has an average rating of Hold and a consensus target price of GBX 466.25 ($5.80).

ASOS Price Performance

Shares of ASC opened at GBX 352.80 ($4.39) on Thursday. The stock has a market capitalization of £421.00 million, a P/E ratio of -168.26, a P/E/G ratio of -1.26 and a beta of 2.72. ASOS has a twelve month low of GBX 320.33 ($3.99) and a twelve month high of GBX 794 ($9.88). The company has a 50 day moving average of GBX 361.91 and a 200-day moving average of GBX 379.92. The company has a quick ratio of 0.39, a current ratio of 1.73 and a debt-to-equity ratio of 115.59.

Insider Buying and Selling at ASOS

In other ASOS news, insider William Barker purchased 13,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of GBX 365 ($4.54) per share, with a total value 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.