ASOS Plc (LON:ASC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of ASOS Plc (LON:ASC) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 364.33.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of ASOS from GBX 240 to GBX 285 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Shore Capital Group reissued a “buy” rating on shares of ASOS in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 600 price target on shares of ASOS in a report on Monday, May 11th.

ASOS Stock Performance

LON:ASC opened at GBX 235 on Thursday. ASOS has a 1 year low of GBX 206.50 and a 1 year high of GBX 375.30. The firm has a 50 day moving average of GBX 227.56 and a 200-day moving average of GBX 257.49. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. The stock has a market capitalization of £281.18 million, a P/E ratio of -1.22, a price-to-earnings-growth ratio of -1.26 and a beta of 2.22.

ASOS (LON:ASC) last posted its 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%. As a group, sell-side analysts anticipate that ASOS will post 12.4165252 EPS for the current fiscal year.

Insider Buying and Selling at ASOS

In related news, insider William Barker purchased 1,627,693 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was acquired at an average price of GBX 235 per share, with a total value of £3,825,078.55. 18.40% of the stock is currently 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.