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

Shares of ASOS Plc (LON:ASC) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 383.33.

Several brokerages recently issued reports on ASC. Deutsche Bank Aktiengesellschaft reduced their price objective on ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a report on Friday, November 21st. Peel Hunt reiterated an “add” rating and issued a GBX 335 price target on shares of ASOS in a research report on Thursday, November 13th. Berenberg Bank reissued a “buy” rating and set a GBX 600 price objective on shares of ASOS in a research note on Thursday, November 13th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 350 target price on shares of ASOS in a research note on Monday, November 24th. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 400 price target on shares of ASOS in a research report on Thursday, December 4th.

ASOS Stock Down 1.2%

ASC opened at GBX 289 on Friday. ASOS has a 12 month low of GBX 215 and a 12 month high of GBX 410. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. The business has a 50 day simple moving average of GBX 284.65 and a 200-day simple moving average of GBX 279.25. The stock has a market capitalization of £345.18 million, a P/E ratio of -1.16, a P/E/G ratio of -1.26 and a beta of 2.86.

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

Insider Buying and Selling

In related news, insider Aaron Izzard sold 604 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 £1,322.76. Also, insider William Barker bought 132,455 shares of ASOS stock in a transaction on Tuesday, January 20th. The stock was purchased at an average price of GBX 381 per share, for a total transaction of £504,653.55. In the last quarter, insiders purchased 223,531 shares of company stock worth $76,003,437. 18.40% of the stock is 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.