Footasylum (FOOT) Lowered to Sell at Peel Hunt

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Footasylum (LON:FOOT) was downgraded by equities researchers at Peel Hunt to a “sell” rating in a report released on Wednesday. They currently have a GBX 22 ($0.28) price target on the stock. Peel Hunt’s price objective would suggest a potential downside of 31.55% from the stock’s previous close.

Separately, Liberum Capital reissued an “under review” rating on shares of Footasylum in a research note on Monday.

Shares of FOOT stock traded down GBX 1.36 ($0.02) during trading hours on Wednesday, reaching GBX 32.14 ($0.41). The company had a trading volume of 2,408,505 shares, compared to its average volume of 50,543. Footasylum has a 1-year low of GBX 175 ($2.26) and a 1-year high of GBX 273 ($3.52).

Footasylum Company Profile

Footasylum plc engages in the retail and wholesale of footwear, apparel, and accessories in the United Kingdom and internationally. The company sells fashion streetwear and sportswear for men, women, and kids under approximately 300 brands, such as Nike, Adidas, Prè London, Society Sport, and Gym King; and owns brands comprising Kings Will Dream, Condemned Nation, Alessandro Zavetti, and Zavetti Sport, as well as retail brands, including Footasylum, Drome, and SEVEN.

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