Shore Capital Reiterates “Sell” Rating for ASOS (LON:ASC)

ASOS (LON:ASC)‘s stock had its “sell” rating reiterated by equities research analysts at Shore Capital in a report issued on Wednesday, MarketBeat Ratings reports.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 600 ($7.47) price target on shares of ASOS in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 466.25 ($5.80).

ASOS Stock Up 2.5 %

ASC stock opened at GBX 358.40 ($4.46) on Wednesday. The stock has a fifty day moving average of GBX 361.91 and a 200-day moving average of GBX 379.92. ASOS has a fifty-two week low of GBX 320.33 ($3.99) and a fifty-two week high of GBX 794 ($9.88). The company has a market capitalization of £427.68 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 debt-to-equity ratio of 115.59, a quick ratio of 0.39 and a current ratio of 1.73.

Insider Activity

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