Brokerages Set ASOS Plc (LON:ASC) PT at GBX 371.83

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

A number of research analysts recently issued reports on ASC shares. Berenberg Bank restated a “buy” rating and set a GBX 600 price objective on shares of ASOS in a research report on Wednesday, July 1st. Shore Capital Group reaffirmed a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft raised their target price on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a report on Thursday, July 2nd.

Insiders Place Their Bets

In other news, insider William Barker bought 15,779 shares of ASOS stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of GBX 258 per share, with a total value of £40,709.82. In the last 90 days, insiders have bought 1,733,163 shares of company stock valued at $407,118,076. Company insiders own 19.82% of the company’s stock.

ASOS Stock Performance

Shares of LON ASC opened at GBX 334 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63. The firm’s 50-day moving average price is GBX 267.16 and its two-hundred day moving average price is GBX 266.28. ASOS has a 52-week low of GBX 206.50 and a 52-week high of GBX 375.30. The stock has a market capitalization of £399.63 million, a P/E ratio of -1.73, a P/E/G ratio of -1.26 and a beta of 2.28.

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

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.