ASOS (LON:ASC) Now Covered by Analysts at Sanford C. Bernstein
Sanford C. Bernstein initiated coverage on shares of ASOS (LON:ASC) in a report released on Wednesday morning, Stock Target Advisor reports. The firm issued an underperform rating and a GBX 2,750 ($36.17) target price on the stock.
A number of other equities research analysts have also recently issued reports on ASC. Shore Capital restated a hold rating on shares of ASOS in a report on Thursday, January 23rd. Berenberg Bank upgraded ASOS to a buy rating and increased their price objective for the stock from GBX 3,000 ($39.46) to GBX 4,200 ($55.25) in a research report on Monday. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 3,800 ($49.99) target price on shares of ASOS in a report on Thursday, January 23rd. Peel Hunt reissued an add rating and set a GBX 4,000 ($52.62) target price on shares of ASOS in a report on Thursday, January 23rd. Finally, Morgan Stanley cut shares of ASOS to an underweight rating and reduced their target price for the company from GBX 2,100 ($27.62) to GBX 2,000 ($26.31) in a research report on Monday, January 20th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 3,478.33 ($45.76).
Shares of ASC traded down GBX 113 ($1.49) during trading hours on Wednesday, hitting GBX 3,428 ($45.09). The company had a trading volume of 336,278 shares, compared to its average volume of 293,510. The business has a fifty day moving average of GBX 3,272.10 and a 200-day moving average of GBX 2,913.97. The company has a quick ratio of 0.07, a current ratio of 0.81 and a debt-to-equity ratio of 19.95. The firm has a market cap of $2.88 billion and a price-to-earnings ratio of 116.60. ASOS has a 12 month low of GBX 2,033 ($26.74) and a 12 month high of GBX 4,090 ($53.80).
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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