Berenberg Bank Lowers ASOS (LON:ASC) Price Target to GBX 490

ASOS (LON:ASC) had its price target dropped by research analysts at Berenberg Bank from GBX 510 ($6.35) to GBX 490 ($6.10) in a research report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 36.72% from the stock’s current price.

Separately, Shore Capital reaffirmed 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 issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 466.25 ($5.80).

ASOS Stock Up 2.5 %

Shares of LON ASC opened at GBX 358.40 ($4.46) on Wednesday. ASOS has a 52-week low of GBX 320.33 ($3.99) and a 52-week high of GBX 794 ($9.88). The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.39 and a current ratio of 1.73. The business has a fifty day moving average of GBX 361.91 and a two-hundred day moving average of GBX 379.92. The stock has a market cap of £427.68 million, a PE ratio of -168.26, 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 business’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of GBX 365 ($4.54) per share, for a total transaction of £47,450 ($59,068.84). Corporate 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.