ASOS (LON:ASC) Earns Equal Weight Rating from Barclays

Barclays reissued their equal weight rating on shares of ASOS (LON:ASC) in a research note issued to investors on Thursday, Marketbeat Ratings reports.

ASC has been the topic of several other research reports. Berenberg Bank lowered their target price on shares of ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a buy rating on the stock in a research note on Wednesday. Shore Capital reaffirmed a sell rating on shares of ASOS in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 500 ($6.22) price objective on shares of ASOS in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of GBX 466.25 ($5.80).

ASOS Stock Down 1.6 %

ASOS stock opened at GBX 352.80 ($4.39) on Thursday. The stock has a market cap of £421.00 million, a price-to-earnings ratio of -168.26, a PEG ratio of -1.26 and a beta of 2.72. The company has a current ratio of 1.73, a quick ratio of 0.39 and a debt-to-equity ratio of 115.59. The company’s 50-day moving average price is GBX 361.91 and its two-hundred day moving average price is GBX 379.92. ASOS has a 52 week low of GBX 320.33 ($3.99) and a 52 week high of GBX 794 ($9.88).

Insiders Place Their Bets

In other news, insider William Barker bought 474,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was bought at an average cost of GBX 364 ($4.53) per share, for a total transaction of £1,725,360 ($2,147,840.16). Corporate insiders own 50.18% 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.