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

Shares of ASOS Plc (LON:ASC) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 371.83.

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

ASOS Stock Down 0.4%

ASC opened at GBX 335.50 on Friday. The business has a 50 day moving average of GBX 261 and a 200-day moving average of GBX 264.75. The stock has a market capitalization 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 current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. ASOS has a 1-year low of GBX 206.50 and a 1-year high of GBX 375.30.

ASOS (LON:ASC) last announced its earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share (EPS) for the quarter. The company had revenue of GBX 111.60 billion for the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%. As a group, sell-side analysts anticipate that ASOS will post 12.4165252 earnings per share for the current year.

Insider Activity at ASOS

In other news, insider William Barker acquired 15,779 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were bought at an average price of GBX 258 per share, with a total value of £40,709.82. In the last ninety days, insiders purchased 1,733,163 shares of company stock valued at $407,118,076. 19.82% of the stock is currently owned by company insiders.

ASOS Company Profile

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.