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

Shares of ASOS Plc (LON:ASC) have been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 383.33.

ASC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a research note on Friday, November 21st. Shore Capital Group restated a “buy” rating and issued a GBX 400 target price on shares of ASOS in a report on Thursday, December 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 600 price target on shares of ASOS in a research note on Thursday, November 13th. JPMorgan Chase & Co. lowered their price objective on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating for the company in a research note on Monday, November 24th. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 335 target price on shares of ASOS in a research report on Thursday, November 13th.

ASOS Price Performance

ASC stock opened at GBX 289 on Friday. The stock has a market capitalization of £345.18 million, a price-to-earnings ratio of -1.16, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. ASOS has a 52-week low of GBX 215 and a 52-week high of GBX 410. The stock’s fifty day simple moving average is GBX 284.65 and its 200-day simple moving average is GBX 279.25.

ASOS (LON:ASC) last released its earnings results on Friday, November 21st. The company reported GBX (250.10) EPS for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. Equities research analysts expect that ASOS will post 12.4165252 EPS for the current year.

Insider Transactions at ASOS

In related news, insider José Antonio Ramos Calamonte sold 13,061 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of GBX 219, for a total transaction of £28,603.59. Also, insider Aaron Izzard sold 604 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of GBX 219, for a total transaction of £1,322.76. Insiders have bought a total of 223,531 shares of company stock worth $76,003,437 in the last three months. 18.40% of the stock is currently owned by company insiders.

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.