ASOS Plc (LON:ASC) Receives Average Rating of “Moderate Buy” from Analysts

ASOS Plc (LON:ASC) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 364.33.

ASC has been the subject of several research analyst reports. Shore Capital Group restated a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price target on ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday. Berenberg Bank restated a “buy” rating and set a GBX 600 price target on shares of ASOS in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price target on ASOS from GBX 240 to GBX 285 and gave the stock a “neutral” rating in a research report on Tuesday.

ASOS Trading Up 0.7%

Shares of ASOS stock opened at GBX 232.51 on Thursday. The firm has a market capitalization of £278.20 million, a price-to-earnings ratio of -1.20, a PEG ratio of -1.26 and a beta of 2.22. ASOS has a fifty-two week low of GBX 206.50 and a fifty-two week high of GBX 375.30. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95. The stock has a 50 day moving average of GBX 231.12 and a 200 day moving average of GBX 258.15.

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

Insider Activity at ASOS

In other news, insider William Barker purchased 1,627,693 shares of the stock in a transaction dated 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. 18.40% of the stock is currently owned by corporate 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.