ASOS (LON:ASC) Rating Lowered to Equal weight at Barclays
ASOS (LON:ASC) was downgraded by investment analysts at Barclays to an “equal weight” rating in a research report issued to clients and investors on Friday, Borsen Zeitung reports. They currently have a GBX 2,750 ($35.93) target price on the stock, down from their previous target price of GBX 4,200 ($54.88). Barclays‘s price objective points to a potential upside of 27.67% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. UBS Group cut to a “neutral” rating and upped their target price for the stock from GBX 3,300 ($43.12) to GBX 3,500 ($45.73) in a report on Tuesday, June 25th. Numis Securities cut Whitbread to a “hold” rating and set a GBX 5,400 ($70.56) target price for the company. in a report on Wednesday, April 10th. Berenberg Bank set a €670.00 ($779.07) target price on Adyen and gave the stock a “neutral” rating in a report on Friday, March 22nd. Peel Hunt cut ASOS to a “hold” rating and lowered their target price for the stock from GBX 4,000 ($52.27) to GBX 3,000 ($39.20) in a report on Thursday. Finally, Credit Suisse Group set a €32.70 ($38.02) price target on Software and gave the company a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 3,963.56 ($51.79).
Shares of ASC opened at GBX 2,154 ($28.15) on Friday. ASOS has a 12-month low of GBX 2,033 ($26.56) and a 12-month high of GBX 6,298 ($82.29). The stock has a 50-day moving average price of GBX 2,876.06. The company has a current ratio of 0.85, a quick ratio of 0.11 and a debt-to-equity ratio of 12.69. The firm has a market cap of $1.83 billion and a PE ratio of 29.71.
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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