ASOS (LON:ASC) Receives “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of ASOS (LON:ASC) in a research note published on Thursday morning, Marketbeat reports. Shore Capital currently has a GBX 400 price target on the stock.

Several other brokerages also recently issued reports on ASC. JPMorgan Chase & Co. lowered their price objective on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Peel Hunt reissued an “add” rating and issued a GBX 335 price objective on shares of ASOS in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of ASOS from GBX 440 to GBX 375 and set a “buy” rating on the stock in a report on Friday, November 21st. Berenberg Bank restated a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a research report on Thursday, November 13th. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 350 price target on shares of ASOS in a report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 383.33.

ASOS Stock Down 0.4%

ASC opened at GBX 248.50 on Thursday. ASOS has a one year low of GBX 215 and a one year high of GBX 454.20. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The stock has a market capitalization of £296.17 million, a P/E ratio of -1.01, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The business’s 50-day simple moving average is GBX 248.96 and its 200-day simple moving average is GBX 287.71.

ASOS (LON:ASC) last released its quarterly earnings results on Friday, November 21st. The company reported GBX (250.10) earnings per share (EPS) for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. Analysts anticipate that ASOS will post 12.4165252 EPS for the current year.

Insider Buying and Selling at ASOS

In related news, insider José Antonio Ramos Calamonte sold 13,061 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of GBX 219, for a total value of £28,603.59. Also, insider Aaron Izzard sold 604 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of GBX 219, for a total transaction of £1,322.76. 18.05% of the stock is currently owned by corporate insiders.

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.