ASOS plc (LON:ASC) has been assigned an average rating of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 3,518.93 ($43.30).
A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and set a GBX 3,900 ($47.99) target price on shares of ASOS in a research note on Tuesday, June 23rd. HSBC reiterated a “buy” rating on shares of ASOS in a research note on Tuesday, April 14th. Shore Capital reiterated a “hold” rating on shares of ASOS in a research note on Wednesday, April 8th. Investec upgraded shares of ASOS to a “buy” rating and boosted their target price for the stock from GBX 3,582 ($44.08) to GBX 4,820 ($59.32) in a research note on Thursday, June 4th. Finally, Liberum Capital reiterated a “sell” rating on shares of ASOS in a research note on Wednesday, April 8th.
In other ASOS news, insider Luke Jensen bought 1,800 shares of ASOS stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of GBX 2,773 ($34.13) per share, with a total value of £49,914 ($61,425.06). Also, insider Nicholas Robertson bought 1,000,000 shares of ASOS stock in a transaction dated Thursday, April 9th. The stock was acquired at an average cost of GBX 2,100 ($25.84) per share, with a total value of £21,000,000 ($25,842,973.17).
LON:ASC opened at GBX 3,499 ($43.06) on Tuesday. The company has a fifty day simple moving average of GBX 3,040.90 and a two-hundred day simple moving average of GBX 2,764.42. The company has a market cap of $3.31 billion and a price-to-earnings ratio of 62.18. The company has a quick ratio of 0.11, a current ratio of 0.83 and a debt-to-equity ratio of 92.82. ASOS has a 52 week low of GBX 975.20 ($12.00) and a 52 week high of GBX 3,773 ($46.43).
ASOS (LON:ASC) last issued its earnings results on Tuesday, April 7th. The company reported GBX 27.60 ($0.34) EPS for the quarter, topping analysts’ consensus estimates of GBX 5.80 ($0.07) by GBX 21.80 ($0.27). On average, analysts expect that ASOS will post 8210.1604612 EPS for the current year.
ASOS Company Profile
ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.
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