Berenberg Bank Cuts ASOS (LON:ASC) Price Target to GBX 490

ASOS (LON:ASC) had its price target dropped by stock analysts at Berenberg Bank from GBX 510 ($6.35) to GBX 490 ($6.10) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 36.72% from the company’s current price.

Separately, Shore Capital reaffirmed a “sell” rating on shares of ASOS in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, ASOS currently has a consensus rating of “Hold” and a consensus target price of GBX 466.25 ($5.80).

ASOS Trading Up 2.5 %

ASC opened at GBX 358.40 ($4.46) on Wednesday. The stock has a market capitalization of £427.68 million, a PE ratio of -168.26, a P/E/G ratio of -1.26 and a beta of 2.72. The company has a debt-to-equity ratio of 115.59, a current ratio of 1.73 and a quick ratio of 0.39. ASOS has a 12-month low of GBX 320.33 ($3.99) and a 12-month high of GBX 794 ($9.88). The firm’s fifty day moving average price is GBX 361.91 and its 200 day moving average price is GBX 379.92.

Insider Transactions at ASOS

In other ASOS news, insider William Barker acquired 13,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of GBX 365 ($4.54) per share, with a total value of £47,450 ($59,068.84). 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.