Liberum Capital Reaffirms “Hold” Rating for ASOS (LON:ASC)

Liberum Capital restated their hold rating on shares of ASOS (LON:ASC) in a research report sent to investors on Thursday morning, Digital Look reports. They currently have a GBX 2,800 ($36.83) price target on the stock.

A number of other brokerages have also recently issued reports on ASC. Peel Hunt reiterated a hold rating and issued a GBX 3,000 ($39.46) price objective on shares of ASOS in a report on Tuesday, October 15th. Credit Suisse Group upped their price objective on shares of ASOS from GBX 3,650 ($48.01) to GBX 4,000 ($52.62) and gave the stock an outperform rating in a report on Friday, January 17th. HSBC upgraded shares of ASOS to a buy rating and upped their price objective for the stock from GBX 3,560 ($46.83) to GBX 3,615 ($47.55) in a report on Tuesday, December 10th. Goldman Sachs Group reiterated a buy rating and set a GBX 3,800 ($49.99) price target on shares of ASOS in a research note on Thursday, January 9th. Finally, UBS Group set a GBX 3,200 ($42.09) price target on ASOS and gave the stock a neutral rating in a research note on Friday, November 29th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 3,450.59 ($45.39).

ASC stock opened at GBX 3,136 ($41.25) on Thursday. 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 company has a market capitalization of $2.67 billion and a price-to-earnings ratio of 106.67. ASOS has a 12 month low of GBX 2,033 ($26.74) and a 12 month high of GBX 4,090 ($53.80). The firm has a 50 day moving average of GBX 3,206.30 and a two-hundred day moving average of GBX 2,848.51.

In other ASOS news, insider Nick Beighton sold 3,140 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of GBX 3,459 ($45.50), for a total transaction of £108,612.60 ($142,873.72). Also, insider Mathew Dunn sold 9,433 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of GBX 3,047 ($40.08), for a total value of £287,423.51 ($378,089.33).

About ASOS

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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