Peel Hunt downgraded shares of ASOS (LON:ASC) to a hold rating in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 3,000 ($39.20) price objective on the stock, down from their prior price objective of GBX 4,000 ($52.27).

ASC has been the topic of a number of other reports. Barclays set a $325.00 price objective on Align Technology and gave the company a buy rating in a report on Thursday, April 11th. Numis Securities downgraded Whitbread to a hold rating and set a GBX 5,400 ($70.56) target price on the stock. in a research note on Wednesday, April 10th. Liberum Capital restated a buy rating on shares of FirstGroup in a research note on Wednesday, April 10th. Goldman Sachs Group downgraded JSR from a neutral rating to a sell rating in a research note on Friday, June 21st. Finally, Berenberg Bank set a €670.00 ($779.07) target price on Adyen and gave the stock a neutral rating in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. ASOS currently has an average rating of Buy and a consensus price target of GBX 4,061.13 ($53.07).

Shares of ASC stock opened at GBX 2,181 ($28.50) on Thursday. The company has a 50-day moving average price of GBX 2,876.06. The company has a quick ratio of 0.11, a current ratio of 0.85 and a debt-to-equity ratio of 12.69. The firm has a market capitalization of $1.83 billion and a price-to-earnings ratio of 30.08. ASOS has a fifty-two week low of GBX 2,033 ($26.56) and a fifty-two week high of GBX 6,298 ($82.29).

In related news, insider Adam Crozier bought 4,200 shares of the stock in a transaction dated Thursday, July 18th. The shares were purchased at an average price of GBX 2,384 ($31.15) per share, for a total transaction of £100,128 ($130,834.97).

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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