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

Shares of ASOS Plc (LON:ASC) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 364.33.

A number of brokerages have recently commented on ASC. Shore Capital Group reiterated a “buy” rating on shares of ASOS in a report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on ASOS from GBX 240 to GBX 285 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft upped their price target on ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 600 price target on shares of ASOS in a report on Monday, May 11th.

Insider Activity at ASOS

In other news, insider William Barker bought 1,627,693 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was acquired at an average cost of GBX 235 per share, for a total transaction of £3,825,078.55. Insiders acquired 1,733,163 shares of company stock valued at $407,118,076 in the last three months. Corporate insiders own 19.82% of the company’s stock.

ASOS Trading Down 1.1%

LON:ASC opened at GBX 274.06 on Monday. The stock’s 50 day moving average price is GBX 234.72 and its 200 day moving average price is GBX 259.19. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 375.30. The company has a market capitalization of £327.91 million, a P/E ratio of -1.42, a P/E/G ratio of -1.26 and a beta of 2.27. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95.

ASOS (LON:ASC) last released its quarterly earnings data on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. The firm had revenue of GBX 111.60 billion during the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%. On average, research analysts forecast 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.