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

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

A number of other equities research analysts have also weighed in on the stock. Barclays lowered shares of ASOS PLC/ADR from an overweight rating to an equal weight rating in a report on Friday, July 19th. HSBC lowered shares of ASOS PLC/ADR from a buy rating to a hold rating in a report on Thursday, July 25th. Jefferies Financial Group lowered shares of ASOS PLC/ADR from a buy rating to an underperform rating in a report on Thursday. JPMorgan Chase & Co. lowered shares of ASOS PLC/ADR from an overweight rating to a neutral rating in a report on Sunday, July 21st. Finally, UBS Group lowered shares of ASOS PLC/ADR from a buy rating to a neutral rating in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $48.00.

ASOMY opened at $26.42 on Thursday. ASOS PLC/ADR has a fifty-two week low of $25.99 and a fifty-two week high of $80.85. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 8.93 and a beta of 2.79. The company’s 50 day moving average price is $30.74 and its two-hundred day moving average price is $40.24.

About ASOS PLC/ADR

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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