Analysts Set ASOS Plc (LON:ASC) Target Price at GBX 364.33

ASOS Plc (LON:ASC) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 364.33.

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

Insider Activity at ASOS

In other news, insider William Barker bought 1,627,693 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were acquired at an average cost of GBX 235 per share, with a total value of £3,825,078.55. 18.40% of the stock is currently owned by insiders.

ASOS Stock Down 1.1%

LON ASC opened at GBX 244.35 on Thursday. ASOS has a 12 month low of GBX 206.50 and a 12 month high of GBX 375.30. The company has a market capitalization of £292.37 million, a P/E ratio of -1.26, a PEG ratio of -1.26 and a beta of 2.22. The company’s 50 day simple moving average is GBX 228.98 and its 200 day simple moving average is GBX 257.87. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39.

ASOS (LON:ASC) last issued its earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share for the quarter. The business had revenue of GBX 111.60 billion for the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%. Equities research analysts expect that ASOS will post 12.4165252 earnings per share for the current fiscal year.

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.