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

Shares of ASOS Plc (LON:ASC) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. Two equities research 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 issued ratings on the stock in the last year is GBX 364.33.

Several research firms have weighed in on ASC. Berenberg Bank reissued a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft increased their target price on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Shore Capital Group reissued a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their target price on ASOS from GBX 240 to GBX 285 and gave the company a “neutral” rating in a research note on Tuesday, May 12th.

Insider Activity at ASOS

In other ASOS news, insider William Barker purchased 15,779 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were bought at an average price of GBX 258 per share, with a total value of £40,709.82. Insiders bought a total of 1,733,163 shares of company stock worth $407,118,076 over the last quarter. Company insiders own 19.82% of the company’s stock.

ASOS Price Performance

Shares of ASC stock opened at GBX 274.06 on Monday. The stock’s fifty day moving average is GBX 234.72 and its 200-day moving average is GBX 259.19. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95. The stock has a market capitalization of £327.91 million, a PE ratio of -1.42, a PEG ratio of -1.26 and a beta of 2.27. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 375.30.

ASOS (LON:ASC) last posted its quarterly earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share (EPS) for the quarter. The firm had revenue of GBX 111.60 billion during the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. Equities research analysts expect that ASOS will post 12.4165252 EPS for the current fiscal year.

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.