ASOS Plc (LON:ASC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of ASOS Plc (LON:ASC) have been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat Ratings reports. Two 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 objective among analysts that have issued a report on the stock in the last year is GBX 364.33.

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

ASOS Stock Performance

ASC stock opened at GBX 283.50 on Monday. The business’s 50-day moving average price is GBX 240.83 and its two-hundred day moving average price is GBX 260.39. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. The firm has a market cap of £339.20 million, a PE ratio of -1.47, a P/E/G ratio of -1.26 and a beta of 2.27. ASOS has a 1-year low of GBX 206.50 and a 1-year high of GBX 375.30.

ASOS (LON:ASC) last posted its earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share for the quarter. The business had revenue of GBX 111.60 billion for the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%. As a group, research analysts forecast that ASOS will post 12.4165252 earnings per share for the current year.

Insider Activity at ASOS

In other news, insider William Barker purchased 15,779 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of GBX 258 per share, for a total transaction of £40,709.82. Insiders bought 1,733,163 shares of company stock valued at $407,118,076 in the last 90 days. Insiders own 19.82% of the company’s stock.

ASOS Company Profile

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.