ASOS Plc (LON:ASC) Given Average Rating of “Moderate Buy” by 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 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 analysts that have issued ratings on the stock in the last year is GBX 383.33.

A number of brokerages have recently weighed in on ASC. JPMorgan Chase & Co. lowered their target price on ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Panmure Gordon restated a “hold” rating and set a GBX 350 price target on shares of ASOS in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of ASOS from GBX 440 to GBX 375 and set a “buy” rating on the stock in a research note on Friday, November 21st. Shore Capital Group reiterated a “buy” rating and set a GBX 400 price objective on shares of ASOS in a report on Thursday, December 4th. Finally, Peel Hunt restated an “add” rating and issued a GBX 335 target price on shares of ASOS in a report on Thursday, November 13th.

Insider Buying and Selling at ASOS

In other ASOS news, insider Aaron Izzard sold 604 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of GBX 219, for a total value of £1,322.76. Also, insider José Antonio Ramos Calamonte sold 13,061 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of GBX 219, for a total value of £28,603.59. Insiders acquired 223,531 shares of company stock worth $76,003,437 in the last quarter. 18.40% of the stock is currently owned by company insiders.

ASOS Stock Performance

Shares of ASC stock opened at GBX 290.50 on Friday. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. ASOS has a one year low of GBX 215 and a one year high of GBX 394.40. The business’s 50 day simple moving average is GBX 287.33 and its 200 day simple moving average is GBX 277.40. The stock has a market capitalization of £346.98 million, a PE ratio of -1.16, a PEG ratio of -1.26 and a beta of 2.86.

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