ASOS PLC/ADR (OTCMKTS:ASOMY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of ASOS PLC/ADR (OTCMKTS:ASOMY) from a sell rating to a hold rating in a report released on Wednesday 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. “

Several other research analysts have also issued reports on the company. ValuEngine upgraded ASOS PLC/ADR from a hold rating to a buy rating in a research note on Wednesday, October 2nd. UBS Group lowered ASOS PLC/ADR from a buy rating to a neutral rating in a research note on Tuesday, June 25th. JPMorgan Chase & Co. lowered ASOS PLC/ADR from an overweight rating to a neutral rating in a research note on Sunday, July 21st. Jefferies Financial Group lowered ASOS PLC/ADR from a buy rating to an underperform rating in a research note on Thursday, August 15th. Finally, HSBC lowered ASOS PLC/ADR from a buy rating to a hold rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $48.00.

ASOS PLC/ADR stock traded up $2.61 during mid-day trading on Wednesday, hitting $44.71. 178,750 shares of the company were exchanged, compared to its average volume of 4,144. The business has a fifty day moving average of $31.26 and a 200 day moving average of $37.23. ASOS PLC/ADR has a 1-year low of $25.99 and a 1-year high of $80.05. The company has a market capitalization of $2.81 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 6.57 and a beta of 2.79.

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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