ASOS (LON:ASC) Receives Hold Rating from Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of ASOS (LON:ASC) in a research report released on Thursday, MarketBeat.com reports. The brokerage currently has a GBX 375 ($4.67) price objective on the stock.

Several other analysts have also recently weighed in on ASC. Berenberg Bank lowered their price target on ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a buy rating on the stock in a report on Wednesday. Barclays reaffirmed an equal weight rating on shares of ASOS in a report on Thursday. 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. Finally, Shore Capital reaffirmed a sell rating on shares of ASOS in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of GBX 466.25 ($5.80).

ASOS Stock Performance

Shares of ASC opened at GBX 352.80 ($4.39) on Thursday. The stock’s 50-day simple moving average is GBX 361.91 and its 200 day simple moving average is GBX 379.92. ASOS has a 52-week low of GBX 320.33 ($3.99) and a 52-week high of GBX 794 ($9.88). The stock has a market capitalization of £421.00 million, a price-to-earnings 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 quick ratio of 0.39 and a current ratio of 1.73.

Insider Activity at ASOS

In other news, insider William Barker acquired 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of GBX 365 ($4.54) per share, with a total value of £47,450 ($59,068.84). 50.18% of the stock is currently owned by insiders.

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.