Brokerages Set ASOS Plc (LON:ASC) Price Target at GBX 383.33

Shares of ASOS Plc (LON:ASC) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 383.33.

Several brokerages have recently commented on ASC. Berenberg Bank restated a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research note on Thursday, November 13th. Peel Hunt reiterated an “add” rating and set a GBX 335 target price on shares of ASOS in a research report on Thursday, November 13th. Panmure Gordon restated a “hold” rating and issued a GBX 350 price target on shares of ASOS in a research report on Monday, November 24th. Shore Capital reaffirmed a “buy” rating and set a GBX 400 price objective on shares of ASOS in a research note on Wednesday, October 1st. Finally, 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.

ASOS Trading Up 2.1%

Shares of ASC opened at GBX 242.50 on Monday. ASOS has a 1 year low of GBX 215 and a 1 year high of GBX 454.20. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The stock has a 50 day simple moving average of GBX 252.35 and a 200-day simple moving average of GBX 289.48. The stock has a market cap of £289.02 million, a PE ratio of -0.98, a PEG ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC) last announced its quarterly earnings results on Friday, November 21st. The company reported GBX (250.10) EPS for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. On average, sell-side analysts predict that ASOS will post 12.4165252 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Aaron Izzard sold 604 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of GBX 219, for a total transaction of £1,322.76. Also, insider José Antonio Ramos Calamonte sold 13,061 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of GBX 219, for a total value of £28,603.59. Company insiders own 18.05% of the company’s stock.

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.