ASOS Plc (LON:ASC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of ASOS Plc (LON:ASC – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 419.29.

Several analysts recently issued reports on ASC shares. Shore Capital Group boosted their price target on ASOS from GBX 420 to GBX 520 and gave the company a “buy” rating in a research note on Thursday, August 27th. Royal Bank Of Canada upped their price target on shares of ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price target on shares of ASOS in a research note on Thursday, August 27th.

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ASOS Trading Up 1.1%

Shares of ASC stock opened at GBX 426.05 on Wednesday. The firm has a 50 day moving average price of GBX 390.23 and a two-hundred day moving average price of GBX 300.98. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63. The company has a market capitalization of £509.76 million, a PE ratio of -2.21, a price-to-earnings-growth ratio of -1.26 and a beta of 2.32. ASOS has a 12-month low of GBX 206.50 and a 12-month high of GBX 435.

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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