ASOS (LON:ASC) PT Lowered to GBX 300 at JPMorgan Chase & Co.

ASOS (LON:ASC) had its price objective cut by JPMorgan Chase & Co. from GBX 350 ($4.36) to GBX 300 ($3.73) in a research report released on Thursday, Marketbeat reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Barclays reaffirmed an equal weight rating on shares of ASOS in a research note on Thursday. Berenberg Bank decreased their price target 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. Jefferies Financial Group reaffirmed a hold rating and set a GBX 375 ($4.67) price target on shares of ASOS in a research note on Thursday. 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. Finally, Shore Capital reaffirmed a sell rating on shares of ASOS 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 given a buy rating to the stock. According to MarketBeat.com, ASOS currently has an average rating of Hold and an average price target of GBX 466.25 ($5.80).

ASOS Trading Down 0.4 %

LON:ASC opened at GBX 356.80 ($4.44) on Thursday. The company has a market cap of £425.77 million, a P/E ratio of -167.51, a price-to-earnings-growth 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 business has a 50 day moving average price of GBX 361.60 and a two-hundred day moving average price of GBX 379.75. 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 Activity at ASOS

In other news, insider William Barker bought 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of GBX 365 ($4.54) per share, with a total value of £47,450 ($59,068.84). 50.18% of the stock is owned by company insiders.

About ASOS

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.