ASOS Plc (LON:ASC) Insider Acquires £490,127.68 in Stock

ASOS Plc (LON:ASCGet Rating) insider Jørgen Lindemann acquired 57,392 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were bought at an average price of GBX 854 ($10.37) per share, for a total transaction of £490,127.68 ($594,887.34).

Shares of ASOS stock opened at GBX 860.50 ($10.44) on Friday. The business has a 50-day moving average of GBX 1,403.72 and a 200-day moving average of GBX 1,812.61. The company has a debt-to-equity ratio of 77.77, a current ratio of 1.59 and a quick ratio of 0.52. The company has a market capitalization of £859.98 million and a PE ratio of 26.25. ASOS Plc has a 1-year low of GBX 775 ($9.41) and a 1-year high of GBX 5,242.75 ($63.63).

Several brokerages recently issued reports on ASC. Liberum Capital dropped their price objective on ASOS from GBX 2,300 ($27.92) to GBX 1,700 ($20.63) and set a “hold” rating on the stock in a research note on Tuesday, April 12th. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,440 ($29.62) target price on shares of ASOS in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 3,850 ($46.73) price objective on shares of ASOS in a research note on Wednesday, April 13th. JPMorgan Chase & Co. cut their price target on ASOS from GBX 3,300 ($40.05) to GBX 2,900 ($35.20) and set an “overweight” rating for the company in a research note on Thursday, March 10th. Finally, Credit Suisse Group set a GBX 2,850 ($34.59) price objective on ASOS in a report on Wednesday, April 20th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 2,792.69 ($33.90).

About ASOS (Get Rating)

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses.

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