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

Shares of ASOS Plc (LON:ASC) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities 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 issued a report on the stock in the last year is GBX 371.83.

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Berenberg Bank restated a “buy” rating and issued a GBX 600 target price on shares of ASOS in a report on Wednesday, July 1st. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd.

ASOS Price Performance

Shares of LON:ASC opened at GBX 380.48 on Tuesday. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95. The business’s fifty day moving average price is GBX 296.84 and its two-hundred day moving average price is GBX 272.64. The stock has a market cap of £455.24 million, a PE ratio of -1.97, a price-to-earnings-growth ratio of -1.26 and a beta of 2.28. ASOS has a one year low of GBX 206.50 and a one year high of GBX 382.43.

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

Insider Buying and Selling at ASOS

In other news, insider William Barker acquired 89,691 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of GBX 229 per share, with a total value of £205,392.39. 19.82% of the stock is currently owned by corporate insiders.

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.