ASOS (LON:ASC) Earns Buy Rating from Shore Capital Group

ASOS (LON:ASC)‘s stock had its “buy” rating restated by Shore Capital Group in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 216 price objective on the stock. Shore Capital Group’s price objective suggests a potential downside of 0.69% from the company’s current price.

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

ASOS Stock Up 0.9%

ASC stock traded up GBX 2 during mid-day trading on Wednesday, hitting GBX 217.50. 204,589 shares of the company were exchanged, compared to its average volume of 11,952,274. The company has a debt-to-equity ratio of 342.80, a quick ratio of 0.39 and a current ratio of 1.02. ASOS has a 1-year low of GBX 206.50 and a 1-year high of GBX 375.30. The firm’s 50 day simple moving average is GBX 273.20 and its 200 day simple moving average is GBX 266.43. The firm has a market cap of £259.78 million, a P/E ratio of -0.87, a P/E/G ratio of -1.26 and a beta of 2.30.

Insider Buying and Selling at ASOS

In other news, insider William Barker acquired 132,455 shares of ASOS stock in a transaction dated Tuesday, January 20th. The stock was bought at an average cost of GBX 381 per share, with a total value of £504,653.55. Insiders bought 157,147 shares of company stock worth $57,743,493 over the last ninety days. 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.