Sanford C. Bernstein assumed coverage on shares of ASOS (LON:ASC) in a research note released on Wednesday morning, Stock Target Advisor reports. The brokerage issued an underperform rating and a GBX 2,750 ($36.17) price objective on the stock.

Several other brokerages also recently issued reports on ASC. HSBC raised ASOS to a buy rating and raised their price target for the stock from GBX 3,560 ($46.83) to GBX 3,615 ($47.55) in a report on Tuesday, December 10th. Liberum Capital reissued a hold rating and issued a GBX 2,800 ($36.83) price target on shares of ASOS in a report on Thursday, January 23rd. Royal Bank of Canada set a GBX 3,900 ($51.30) price target on ASOS and gave the stock a buy rating in a report on Friday, January 24th. Peel Hunt reissued an add rating and issued a GBX 4,000 ($52.62) price target on shares of ASOS in a report on Thursday, January 23rd. Finally, Morgan Stanley downgraded ASOS to an underweight rating and cut their price target for the stock from GBX 2,100 ($27.62) to GBX 2,000 ($26.31) in a report on Monday, January 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. ASOS presently has a consensus rating of Hold and a consensus target price of GBX 3,541.76 ($46.59).

Shares of LON ASC opened at GBX 3,374 ($44.38) on Wednesday. The company has a market cap of $2.83 billion and a price-to-earnings ratio of 114.76. ASOS has a 12-month low of GBX 2,033 ($26.74) and a 12-month high of GBX 4,090 ($53.80). The company has a current ratio of 0.81, a quick ratio of 0.07 and a debt-to-equity ratio of 19.95. The stock’s 50 day simple moving average is GBX 3,273.94 and its 200 day simple moving average is GBX 2,926.22.

In related news, insider Mathew Dunn sold 9,433 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of GBX 3,047 ($40.08), for a total value of £287,423.51 ($378,089.33). Also, insider Nick Beighton bought 1,629 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of GBX 3,060 ($40.25) per share, for a total transaction of £49,847.40 ($65,571.43).

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.

See Also: Put Option

Analyst Recommendations for ASOS (LON:ASC)

Receive News & Ratings for ASOS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASOS and related companies with MarketBeat.com's FREE daily email newsletter.