Jefferies Financial Group cut shares of ASOS (LON:ASC) to an underperform rating in a report released on Thursday morning, Borsen Zeitung reports. The brokerage currently has GBX 2,000 ($26.13) target price on the stock, down from their previous target price of GBX 3,500 ($45.73).
Other analysts have also issued research reports about the company. Goldman Sachs Group set a GBX 3,200 ($41.81) price objective on ASOS and gave the company a buy rating in a research note on Monday, July 22nd. Shore Capital reissued a hold rating on shares of ASOS in a research note on Thursday, July 18th. Morgan Stanley raised ASOS to an equal weight rating and dropped their price objective for the company from GBX 2,200 ($28.75) to GBX 2,100 ($27.44) in a research note on Thursday, July 25th. Liberum Capital reissued an under review rating on shares of ASOS in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. set a GBX 3,800 ($49.65) price objective on ASOS and gave the company a neutral rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 3,209.19 ($41.93).
LON:ASC opened at GBX 2,250 ($29.40) on Thursday. The firm has a market cap of $1.89 billion and a PE ratio of 31.03. ASOS has a fifty-two week low of GBX 2,033 ($26.56) and a fifty-two week high of GBX 6,256 ($81.75). The company has a debt-to-equity ratio of 12.69, a quick ratio of 0.11 and a current ratio of 0.85. The business has a 50 day moving average price of GBX 2,474.54 and a 200-day moving average price of GBX 3,106.47.
ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.
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