Analysts Set ASOS Plc (LON:ASC) PT at GBX 383.33

ASOS Plc (LON:ASC) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 383.33.

Several research analysts have recently weighed in on ASC shares. Berenberg Bank reiterated a “buy” rating and set a GBX 600 price target on shares of ASOS in a research note on Thursday, November 13th. JPMorgan Chase & Co. cut their price target on ASOS from GBX 270 to GBX 240 and set a “neutral” rating for the company in a report on Monday, November 24th. Panmure Gordon restated a “hold” rating and issued a GBX 350 price target on shares of ASOS in a research report on Monday, November 24th. Shore Capital reaffirmed a “buy” rating and set a GBX 400 price objective on shares of ASOS in a research report on Thursday, December 4th. Finally, Peel Hunt reiterated an “add” rating and set a GBX 335 price objective on shares of ASOS in a research note on Thursday, November 13th.

Insiders Place Their Bets

In related news, insider Aaron Izzard sold 604 shares of ASOS stock in a transaction on Monday, November 24th. The shares were sold at an average price of GBX 219, for a total transaction of £1,322.76. Also, insider William Barker bought 62,040 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of GBX 275 per share, with a total value of £170,610. Insiders bought a total of 71,911 shares of company stock worth $19,796,450 over the last three months. 18.03% of the stock is currently owned by company insiders.

ASOS Price Performance

LON ASC opened at GBX 298 on Tuesday. The company has a 50-day moving average price of GBX 263.69 and a 200-day moving average price of GBX 279.81. ASOS has a 52 week low of GBX 215 and a 52 week high of GBX 445.40. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The firm has a market capitalization of £355.93 million, a P/E ratio of -1.19, a PEG ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC) last posted its quarterly earnings data on Friday, November 21st. The company reported GBX (250.10) earnings per share (EPS) for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. Equities research analysts anticipate that ASOS will post 12.4165252 earnings per share for the current year.

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.