Barclays Downgrades ASOS (LON:ASC) to Underweight

ASOS (LON:ASC) was downgraded by equities research analysts at Barclays to an “underweight” rating in a report issued on Monday, Digital Look reports. They currently have a GBX 290 ($3.79) price objective on the stock, down from their prior price objective of GBX 300 ($3.92). Barclays‘s price objective indicates a potential downside of 31.01% from the stock’s current price.

Several other research firms also recently commented on ASC. Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.41) target price on shares of ASOS in a research report on Thursday, September 5th. Shore Capital reissued a “sell” rating on shares of ASOS in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, ASOS presently has an average rating of “Hold” and an average price target of GBX 417.50 ($5.46).

ASOS Stock Performance

ASOS stock traded down GBX 10.83 ($0.14) on Monday, hitting GBX 420.37 ($5.50). The company’s stock had a trading volume of 570,079 shares, compared to its average volume of 424,130. The company has a quick ratio of 0.39, a current ratio of 1.51 and a debt-to-equity ratio of 158.84. The company has a fifty day moving average price of GBX 365.32 and a 200-day moving average price of GBX 360.98. ASOS has a one year low of GBX 328.84 ($4.30) and a one year high of GBX 453.80 ($5.93). The firm has a market cap of £500.70 million, a P/E ratio of -211.24, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

About ASOS

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.