ASOS Plc (LON:ASC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of ASOS Plc (LON:ASC) have been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 419.29.

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

ASOS Trading Down 0.8%

Shares of LON ASC opened at GBX 410.50 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. ASOS has a one year low of GBX 206.50 and a one year high of GBX 435. The business has a 50-day moving average price of GBX 383.95 and a two-hundred day moving average price of GBX 298.05. The firm has a market capitalization of £491.16 million, a PE ratio of -2.12, a PEG ratio of -1.26 and a beta of 2.32.

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.