Brokerages Set ASOS Plc (LON:ASC) Target Price at GBX 466.25

Shares of ASOS Plc (LON:ASC) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 466.25 ($5.86).

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on ASOS from GBX 350 ($4.40) to GBX 300 ($3.77) and set a “neutral” rating on the stock in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 500 ($6.28) target price on shares of ASOS in a report on Thursday, April 18th. Barclays reiterated an “equal weight” rating on shares of ASOS in a report on Thursday, April 18th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 375 ($4.71) price objective on shares of ASOS in a research note on Thursday, April 18th. Finally, Berenberg Bank reduced their price target on ASOS from GBX 510 ($6.41) to GBX 490 ($6.16) and set a “buy” rating on the stock in a report on Wednesday, April 17th.

Insider Transactions at ASOS

In other ASOS news, insider William Barker acquired 13,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of GBX 365 ($4.59) per share, for a total transaction of £47,450 ($59,610.55). Insiders have bought 667,000 shares of company stock valued at $238,661,000 in the last ninety days. Corporate insiders own 50.41% of the company’s stock.

ASOS Trading Down 0.1 %

Shares of ASOS stock opened at GBX 355.80 ($4.47) on Tuesday. The company’s 50-day moving average price is GBX 353.89 and its 200-day moving average price is GBX 376.75. The company has a current ratio of 1.51, a quick ratio of 0.39 and a debt-to-equity ratio of 158.84. The company has a market cap of £424.58 million, a price-to-earnings ratio of -178.89, a PEG ratio of -1.26 and a beta of 2.70. ASOS has a 12-month low of GBX 320.33 ($4.02) and a 12-month high of GBX 707.20 ($8.88).

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.