ASOS’s (ASC) “Sell” Rating Reaffirmed at Liberum Capital

Liberum Capital reiterated their sell rating on shares of ASOS (LON:ASC) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

ASC has been the topic of several other research reports. JPMorgan Chase & Co. reiterated a buy rating and issued a GBX 3,900 ($47.99) price objective on shares of ASOS in a research note on Tuesday, June 23rd. Morgan Stanley raised shares of ASOS to an equal weight rating and reduced their target price for the stock from GBX 2,000 ($24.61) to GBX 1,650 ($20.31) in a report on Tuesday, May 12th. Goldman Sachs Group increased their price objective on shares of ASOS from GBX 2,800 ($34.46) to GBX 3,600 ($44.30) and gave the company a buy rating in a report on Thursday, May 14th. UBS Group reaffirmed a neutral rating on shares of ASOS in a report on Friday, June 5th. Finally, Berenberg Bank raised their target price on shares of ASOS from GBX 3,200 ($39.38) to GBX 4,400 ($54.15) and gave the company a buy rating in a report on Thursday, June 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 3,454.44 ($42.51).

ASC opened at GBX 3,423 ($42.12) on Tuesday. The company has a debt-to-equity ratio of 92.82, a quick ratio of 0.11 and a current ratio of 0.83. The stock has a market capitalization of $3.41 billion and a P/E ratio of 64.22. The company’s 50-day simple moving average is GBX 3,050.66 and its two-hundred day simple moving average is GBX 2,766.09. ASOS has a 52-week low of GBX 975.20 ($12.00) and a 52-week high of GBX 3,773 ($46.43).

ASOS (LON:ASC) last posted its earnings results on Tuesday, April 7th. The company reported GBX 27.60 ($0.34) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 5.80 ($0.07) by GBX 21.80 ($0.27). Research analysts forecast that ASOS will post 8210.1604612 EPS for the current fiscal year.

In other ASOS news, insider Nicholas Robertson purchased 1,000,000 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were acquired at an average price of GBX 2,100 ($25.84) per share, for a total transaction of £21,000,000 ($25,842,973.17). Also, insider Luke Jensen purchased 1,800 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of GBX 2,773 ($34.13) per share, for a total transaction of £49,914 ($61,425.06).

ASOS Company Profile

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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Analyst Recommendations for ASOS (LON:ASC)

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