ASOS (LON:ASC) Price Target Cut to GBX 300 by Analysts at JPMorgan Chase & Co.

ASOS (LON:ASC) had its price target reduced by JPMorgan Chase & Co. from GBX 350 ($4.36) to GBX 300 ($3.73) in a research report released on Thursday, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on ASC. Berenberg Bank dropped their price target on ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a buy rating for the company in a research note on Wednesday, April 17th. Shore Capital reaffirmed a sell rating on shares of ASOS in a research note on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 500 ($6.22) price target on shares of ASOS in a research note on Thursday. Jefferies Financial Group reaffirmed a hold rating and set a GBX 375 ($4.67) price target on shares of ASOS in a research note on Thursday. Finally, Barclays reaffirmed an equal weight rating on shares of ASOS in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of GBX 466.25 ($5.80).

ASOS Trading Down 0.4 %

Shares of ASC stock opened at GBX 356.80 ($4.44) on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.73 and a debt-to-equity ratio of 115.59. The business has a 50-day moving average price of GBX 361.60 and a two-hundred day moving average price of GBX 379.79. ASOS has a 12-month low of GBX 320.33 ($3.99) and a 12-month high of GBX 794 ($9.88). The firm has a market cap of £425.77 million, a P/E ratio of -167.51, a price-to-earnings-growth ratio of -1.26 and a beta of 2.72.

Insider Transactions at ASOS

In related news, insider William Barker acquired 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were purchased 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.