Analysts Set ASOS Plc (LON:ASC) PT at GBX 383.33

ASOS Plc (LON:ASC) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 383.33.

ASC has been the topic of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research note on Thursday, November 13th. Peel Hunt reissued an “add” rating and issued a GBX 335 price target on shares of ASOS in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a report on Friday, November 21st. JPMorgan Chase & Co. cut their target price on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating for the company in a research report on Monday, November 24th. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 350 target price on shares of ASOS in a research note on Monday, November 24th.

ASOS Price Performance

Shares of LON ASC opened at GBX 269 on Friday. The firm has a market capitalization of £321.30 million, a P/E ratio of -1.08, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The stock’s 50-day simple moving average is GBX 249.76 and its two-hundred day simple moving average is GBX 282.29. ASOS has a twelve month low of GBX 215 and a twelve month high of GBX 454.20.

ASOS (LON:ASC) last issued its quarterly earnings results on Friday, November 21st. The company reported GBX (250.10) earnings per share (EPS) for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. As a group, equities analysts anticipate that ASOS will post 12.4165252 EPS for the current fiscal year.

Insider Activity

In other ASOS news, insider José Antonio Ramos Calamonte sold 13,061 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of GBX 219, for a total value of £28,603.59. Also, insider Aaron Izzard sold 604 shares of ASOS stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of GBX 219, for a total transaction of £1,322.76. 18.03% of the stock is currently owned by corporate 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.