Shore Capital Reiterates Hold Rating for ASOS (LON:ASC)

ASOS (LON:ASC)‘s stock had its “hold” rating restated by equities research analysts at Shore Capital in a research note issued to investors on Tuesday, MarketBeat reports.

A number of other equities analysts have also recently weighed in on the stock. Barclays cut shares of ASOS to an “underweight” rating and lowered their price objective for the stock from GBX 300 ($3.91) to GBX 290 ($3.78) in a research report on Monday, September 9th. 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, ASOS has a consensus rating of “Hold” and a consensus price target of GBX 391 ($5.09).

ASOS Stock Performance

LON:ASC opened at GBX 342 ($4.45) on Tuesday. The company has a debt-to-equity ratio of 158.84, a quick ratio of 0.39 and a current ratio of 1.51. The stock has a market capitalization of £407.36 million, a P/E ratio of -171.86, a PEG ratio of -1.26 and a beta of 2.86. The company has a 50 day moving average price of GBX 405.43 and a 200 day moving average price of GBX 376.46. ASOS has a fifty-two week low of GBX 328.84 ($4.28) and a fifty-two week high of GBX 453.80 ($5.91).

Insider Activity

In other news, insider Dave Murray acquired 5,800 shares of ASOS stock in a transaction dated 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). Company insiders own 51.44% of the company’s stock.

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.