ASOS (LON:ASC – Get Free Report) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from GBX 350 ($4.36) to GBX 300 ($3.73) in a note issued to investors on Thursday, Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 17.13% from the stock’s current price.
Several other analysts have also weighed in on ASC. Berenberg Bank lowered their target price on shares of ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a “buy” rating for the company in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and set a GBX 375 ($4.67) target price on shares of ASOS in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 500 ($6.22) price target on shares of ASOS in a research report on Thursday. Shore Capital restated a “sell” rating on shares of ASOS in a research report on Wednesday. Finally, Barclays restated an “equal weight” rating on shares of ASOS in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, ASOS has an average rating of “Hold” and an average price target of GBX 466.25 ($5.80).
View Our Latest Stock Report on ASOS
ASOS Stock Performance
Insider Buying and Selling
In related news, insider William Barker acquired 474,000 shares of ASOS stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of GBX 364 ($4.53) per share, with a total value of £1,725,360 ($2,147,840.16). Corporate insiders own 50.18% of the company’s stock.
ASOS Company Profile
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.
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