Analysts Set ASOS Plc (LON:ASC) Price Target at GBX 466.25

Shares of ASOS Plc (LON:ASC) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 466.25 ($5.86).

Several equities research analysts have commented on ASC shares. JPMorgan Chase & Co. dropped their price objective on shares of ASOS from GBX 350 ($4.40) to GBX 300 ($3.77) and set a “neutral” rating on the stock in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 500 ($6.28) price objective on shares of ASOS in a report on Thursday, April 18th. Berenberg Bank decreased their price target on ASOS from GBX 510 ($6.41) to GBX 490 ($6.16) and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Shore Capital reiterated a “sell” rating on shares of ASOS in a research report on Wednesday, April 17th. Finally, Barclays reiterated an “equal weight” rating on shares of ASOS in a research report on Thursday, April 18th.

ASOS Price Performance

LON ASC opened at GBX 356 ($4.47) on Tuesday. The company has a market cap of £424.81 million, a PE ratio of -167.14, a price-to-earnings-growth ratio of -1.26 and a beta of 2.72. ASOS has a 52 week low of GBX 320.33 ($4.02) and a 52 week high of GBX 743.20 ($9.34). The company has a quick ratio of 0.39, a current ratio of 1.73 and a debt-to-equity ratio of 115.59. The firm’s 50-day simple moving average is GBX 354.07 and its two-hundred day simple moving average is GBX 377.14.

Insider Buying and Selling

In related news, insider William Barker acquired 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of GBX 365 ($4.58) per share, for a total transaction of £47,450 ($59,603.06). Over the last three months, insiders have purchased 667,000 shares of company stock worth $238,661,000. Insiders own 50.18% of the company’s stock.

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.