ASOS Plc (LON:ASC) Given Consensus Rating of “Hold” by Brokerages

Shares of ASOS Plc (LON:ASC) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 466.25 ($5.86).

A number of research firms have recently issued reports on ASC. Berenberg Bank cut their target price on shares of ASOS from GBX 510 ($6.41) to GBX 490 ($6.16) and set a “buy” rating for the company in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price objective on ASOS from GBX 350 ($4.40) to GBX 300 ($3.77) and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Jefferies Financial Group restated a “hold” rating and issued a GBX 375 ($4.71) target price on shares of ASOS in a research note on Thursday, April 18th. Shore Capital reiterated a “sell” rating on shares of ASOS in a research report on Wednesday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 500 ($6.28) price objective on shares of ASOS in a report on Thursday, April 18th.

Insider Transactions at ASOS

In other ASOS news, insider William Barker bought 13,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of GBX 365 ($4.58) per share, for a total transaction of £47,450 ($59,603.06). 50.18% of the stock is owned by corporate insiders.

ASOS Stock Down 1.0 %

Shares of LON:ASC opened at GBX 340.60 ($4.28) on Tuesday. The company has a market capitalization of £406.44 million, a PE ratio of -159.91, a P/E/G ratio of -1.26 and a beta of 2.72. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.39 and a current ratio of 1.73. The company’s fifty day moving average is GBX 356.07 and its 200-day moving average is GBX 378.25. ASOS has a 52 week low of GBX 320.33 ($4.02) and a 52 week high of GBX 758.80 ($9.53).

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.