Sanford C. Bernstein Begins Coverage on ASOS (LON:ASC)

Sanford C. Bernstein began coverage on shares of ASOS (LON:ASC) in a research report sent to investors on Wednesday, Stock Target Advisor reports. The firm issued an underperform rating and a GBX 2,750 ($36.17) price objective on the stock.

Other equities analysts also recently issued research reports about the company. Peel Hunt reissued an add rating and set a GBX 4,000 ($52.62) price target on shares of ASOS in a research report on Thursday, January 23rd. Peel Hunt reissued an add rating and set a GBX 4,000 ($52.62) price target (up previously from GBX 1,000 ($13.15)) on shares of ASOS in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 3,800 ($49.99) price target on shares of ASOS in a research report on Thursday, January 23rd. Berenberg Bank raised ASOS to a buy rating and boosted their price target for the stock from GBX 3,000 ($39.46) to GBX 4,200 ($55.25) in a research report on Monday, February 10th. Finally, Societe Generale lowered their price target on ASOS from GBX 4,227 ($55.60) to GBX 3,995 ($52.55) and set a buy rating on the stock in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 3,541.76 ($46.59).

ASC opened at GBX 3,374 ($44.38) on Wednesday. ASOS has a 52-week low of GBX 2,033 ($26.74) and a 52-week high of GBX 4,090 ($53.80). The firm has a market capitalization of $2.83 billion and a PE ratio of 114.76. The company has a debt-to-equity ratio of 19.95, a quick ratio of 0.07 and a current ratio of 0.81. The business’s 50-day simple moving average is GBX 3,273.94 and its 200 day simple moving average is GBX 2,926.22.

In other news, insider Mathew Dunn sold 9,433 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of GBX 3,047 ($40.08), for a total value of £287,423.51 ($378,089.33). Also, insider Nick Beighton bought 1,629 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of GBX 3,060 ($40.25) per share, for a total transaction of £49,847.40 ($65,571.43).

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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