ASOS’s (ASC) Equal Weight Rating Reaffirmed at Barclays

Barclays restated their equal weight rating on shares of ASOS (LON:ASC) in a research note published on Thursday, Marketbeat reports.

Several other analysts also recently issued reports on the stock. Berenberg Bank reduced their price target on shares of ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a buy rating on the stock in a report on Wednesday. Shore Capital reaffirmed a sell rating on shares of ASOS in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 500 ($6.22) price target on shares of ASOS in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of GBX 466.25 ($5.80).

ASOS Stock Down 1.6 %

Shares of LON ASC opened at GBX 352.80 ($4.39) on Thursday. ASOS has a 12-month low of GBX 320.33 ($3.99) and a 12-month high of GBX 794 ($9.88). The company has a market capitalization of £421.00 million, a PE ratio of -168.26, a price-to-earnings-growth 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. The firm’s 50-day moving average is GBX 361.91 and its two-hundred day moving average is GBX 379.92.

Insider Activity at ASOS

In other news, insider William Barker acquired 13,000 shares of ASOS stock in a transaction that occurred on Wednesday, February 28th. The shares were 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.