ASOS (LON:ASC) Receives Hold Rating from Shore Capital

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

Other equities research analysts also recently issued reports about the stock. Barclays downgraded shares of ASOS to an “underweight” rating and dropped their price objective for the company from GBX 300 ($3.89) to GBX 290 ($3.76) in a report on Monday, September 9th. Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.35) price target on shares of ASOS in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ASOS has an average rating of “Hold” and an average price target of GBX 391 ($5.07).

ASOS Stock Performance

Shares of ASC traded down GBX 24.60 ($0.32) during mid-day trading on Tuesday, hitting GBX 351.40 ($4.56). The stock had a trading volume of 1,256,596 shares, compared to its average volume of 393,215. ASOS has a 52 week low of GBX 328.84 ($4.26) and a 52 week high of GBX 453.80 ($5.89). The company has a debt-to-equity ratio of 158.84, a current ratio of 1.51 and a quick ratio of 0.39. The business has a fifty day moving average price of GBX 405.75 and a 200-day moving average price of GBX 376.74. The firm has a market cap of £418.55 million, a P/E ratio of -176.58, a PEG ratio of -1.26 and a beta of 2.86.

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.