ASOS Plc (LON:ASC) Receives GBX 371.83 Average Price Target from Brokerages

Shares of ASOS Plc (LON:ASC – Get Free Report) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 371.83.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Shore Capital Group reissued a “buy” rating on shares of ASOS in a report on Thursday, April 23rd.

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ASOS Stock Performance

LON:ASC opened at GBX 351.24 on Tuesday. The stock has a market cap of £420.25 million, a P/E ratio of -1.82, a PEG ratio of -1.26 and a beta of 2.28. The business’s 50-day moving average price is GBX 310.19 and its two-hundred day moving average price is GBX 275.29. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63. ASOS has a twelve month low of GBX 206.50 and a twelve month high of GBX 390.50.

Insider Buying and Selling at ASOS

In other news, insider William Barker purchased 89,691 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of GBX 229 per share, for a total transaction of £205,392.39. 19.82% of the stock is owned by insiders.

ASOS Company Profile

(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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