ASOS (LON:ASC) Price Target Cut to GBX 375 by Analysts at Deutsche Bank Aktiengesellschaft

ASOS (LON:ASC) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from GBX 440 to GBX 375 in a report published on Friday morning,Digital Look reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also issued reports on ASC. Panmure Gordon reiterated a “hold” rating and set a GBX 350 price target on shares of ASOS in a research report on Monday. Shore Capital reaffirmed a “buy” rating and issued a GBX 400 price objective on shares of ASOS in a report on Wednesday, October 1st. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research report on Thursday, November 13th. Peel Hunt reissued an “add” rating and set a GBX 335 target price on shares of ASOS in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 383.33.

ASOS Stock Performance

LON:ASC traded down GBX 15.50 during mid-day trading on Friday, hitting GBX 218.50. The stock had a trading volume of 2,727,712 shares, compared to its average volume of 363,637. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The company has a 50 day simple moving average of GBX 257.21 and a 200-day simple moving average of GBX 291.47. The stock has a market capitalization of £260.42 million, a price-to-earnings ratio of -0.88, a P/E/G ratio of -1.26 and a beta of 2.86. ASOS has a 52 week low of GBX 217 and a 52 week high of GBX 454.20.

ASOS (LON:ASC) last released its quarterly earnings results on Friday, November 21st. The company reported GBX (250.10) earnings per share for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. On average, research analysts expect that ASOS will post 12.4165252 earnings per share for the current fiscal year.

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.