ASOS (LON:ASC) Given “Buy” Rating at Shore Capital Group

Shore Capital Group reissued their buy rating on shares of ASOS (LON:ASC) in a report released on Wednesday morning,London Stock Exchange reports. Shore Capital Group currently has a GBX 216 target price on the stock.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 600 price target on shares of ASOS in a research note on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, ASOS currently has a consensus rating of “Moderate Buy” and an average target price of GBX 352.67.

ASOS Price Performance

Shares of LON:ASC opened at GBX 215 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 1.02 and a debt-to-equity ratio of 342.80. ASOS has a twelve month low of GBX 206.50 and a twelve month high of GBX 375.30. The stock’s 50 day moving average is GBX 271.61 and its 200-day moving average is GBX 266.11. The firm has a market capitalization of £256.80 million, a price-to-earnings ratio of -0.86, a PEG ratio of -1.26 and a beta of 2.30.

Insider Buying and Selling

In related news, insider William Barker acquired 132,455 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was purchased at an average cost of GBX 381 per share, with a total value of £504,653.55. Over the last three months, insiders purchased 157,147 shares of company stock worth $57,743,493. Insiders own 18.40% of the company’s stock.

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.