ASOS Plc (LON:ASC) Given Average Rating of “Moderate Buy” by Brokerages

ASOS Plc (LON:ASC – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 364.33.

A number of analysts have weighed in on ASC shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Berenberg Bank reissued a “buy” rating and set a GBX 600 target price on shares of ASOS in a research report on Monday, May 11th. Shore Capital Group reissued a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of ASOS from GBX 240 to GBX 285 and gave the company a “neutral” rating in a research report on Tuesday, May 12th.

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ASOS Stock Performance

ASOS stock opened at GBX 286.50 on Monday. The business has a 50 day moving average of GBX 240.83 and a 200-day moving average of GBX 260.68. ASOS has a 1 year low of GBX 206.50 and a 1 year high of GBX 375.30. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. The company has a market capitalization of £342.79 million, a P/E ratio of -1.48, a P/E/G ratio of -1.26 and a beta of 2.27.

ASOS (LON:ASC – Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share for the quarter. The firm had revenue of GBX 111.60 billion for the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. On average, equities research analysts predict that ASOS will post 12.4165252 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider William Barker bought 15,779 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was acquired at an average price of GBX 258 per share, with a total value of £40,709.82. Over the last three months, insiders have purchased 1,733,163 shares of company stock worth $407,118,076. Corporate insiders own 19.82% of the company’s stock.

About ASOS

(Get Free Report)

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.

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