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

Shares of ASOS Plc (LON:ASC) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 371.83.

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

Insiders Place Their Bets

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

ASOS Trading Down 0.4%

Shares of ASC stock opened at GBX 335.50 on Friday. ASOS has a 52-week low of GBX 206.50 and a 52-week high of GBX 375.30. The stock has a market cap of £401.42 million, a price-to-earnings ratio of -1.74, a P/E/G ratio of -1.26 and a beta of 2.27. 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 firm has a fifty day moving average of GBX 261 and a 200-day moving average of GBX 264.75.

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

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.