ASOS PLC/ADR (OTCMKTS:ASOMY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of ASOS PLC/ADR (OTCMKTS:ASOMY) from a hold rating to a sell rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “ASOS Plc is an online fashion destination. It offers branded and own-branded product lines, including womenswear and menswear, footwear, accessories, jewelry and beauty and grooming products primarily through its Website, asos.com. The company operates primarily in the United Kingdom, France, Germany, Italy, Spain, Australia, the United States, Russia and China. ASOS Plc is based in London, United Kingdom. “

Separately, UBS Group lowered shares of to a neutral rating and upped their price target for the company from GBX 3,300 ($43.12) to GBX 3,500 ($45.73) in a report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $48.00.

Shares of ASOMY opened at $32.29 on Thursday. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 6.20 and a beta of 2.80. ASOS PLC/ADR has a 1-year low of $26.76 and a 1-year high of $83.63. The firm’s fifty day moving average is $38.41.

ASOS PLC/ADR 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 PLC/ADR (OTCMKTS:ASOMY)

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