ASOS Plc (LON:ASC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of ASOS Plc (LON:ASC) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 383.33.

A number of equities research analysts recently commented on ASC shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of ASOS from GBX 440 to GBX 375 and set a “buy” rating on the stock in a research note on Friday, November 21st. Shore Capital reiterated a “buy” rating and issued a GBX 400 price target on shares of ASOS in a research report on Thursday, December 4th. Panmure Gordon reissued a “hold” rating and set a GBX 350 price objective on shares of ASOS in a research note on Monday, November 24th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. lowered their target price on ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a report on Monday, November 24th.

Insider Activity at ASOS

In related news, insider José Antonio Ramos Calamonte sold 13,061 shares of ASOS stock in a transaction dated Monday, November 24th. The stock was sold at an average price of GBX 219, for a total transaction of £28,603.59. Also, insider William Barker bought 5,527 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was purchased at an average cost of GBX 278 per share, with a total value of £15,365.06. Insiders have purchased a total of 71,911 shares of company stock valued at $19,796,450 over the last quarter. Insiders own 18.03% of the company’s stock.

ASOS Stock Down 0.2%

ASC opened at GBX 297 on Tuesday. The business’s fifty day moving average is GBX 258.57 and its two-hundred day moving average is GBX 280. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The company has a market cap of £354.74 million, a price-to-earnings ratio of -1.19, a PEG ratio of -1.26 and a beta of 2.86. ASOS has a one year low of GBX 215 and a one year high of GBX 445.40.

ASOS (LON:ASC) last announced its quarterly earnings results on Friday, November 21st. The company reported GBX (250.10) earnings per share for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. Analysts anticipate that ASOS will post 12.4165252 EPS 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.