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

ASOS (LON:ASC)‘s stock had its “buy” rating reissued by equities researchers at Shore Capital Group in a research note issued on Wednesday,London Stock Exchange reports. They currently have a GBX 216 target price on the stock. Shore Capital Group’s price objective suggests a potential downside of 0.69% from the stock’s previous close.

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

ASOS Trading Up 0.9%

LON:ASC traded up GBX 2 on Wednesday, hitting GBX 217.50. 204,589 shares of the stock 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 52 week low of GBX 206.50 and a 52 week high of GBX 375.30. The stock has a market capitalization of £259.78 million, a price-to-earnings ratio of -0.87, a P/E/G ratio of -1.26 and a beta of 2.30. The company’s 50-day moving average price is GBX 273.20 and its 200 day moving average price is GBX 266.43.

Insider Activity

In related news, insider William Barker purchased 132,455 shares of ASOS stock in a transaction dated Tuesday, January 20th. The shares were acquired at an average cost of GBX 381 per share, for a total transaction of £504,653.55. In the last 90 days, insiders acquired 157,147 shares of company stock valued at $57,743,493. 18.40% of the stock is owned by company insiders.

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.