ASOS Plc (LON:ASC) Receives GBX 383.33 Consensus Price Target from Analysts

ASOS Plc (LON:ASC) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com 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 price target among brokerages that have issued ratings on the stock in the last year is GBX 383.33.

A number of research analysts have commented on ASC shares. JPMorgan Chase & Co. cut their target price on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Berenberg Bank reissued a “buy” rating and set a GBX 600 price objective on shares of ASOS in a report on Thursday, November 13th. Panmure Gordon reissued a “hold” rating and issued a GBX 350 price objective on shares of ASOS in a research note on Monday, November 24th. Shore Capital restated a “buy” rating and set a GBX 400 target price on shares of ASOS in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a research report on Friday, November 21st.

ASOS Price Performance

Shares of ASC stock opened at GBX 285.50 on Tuesday. ASOS has a twelve month low of GBX 215 and a twelve month high of GBX 445.40. 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 fifty day simple moving average of GBX 265.03 and a two-hundred day simple moving average of GBX 279.42. The stock has a market capitalization of £341.00 million, a price-to-earnings ratio of -1.14, a P/E/G ratio of -1.26 and a beta of 2.86.

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

Insider Activity

In related news, insider José Antonio Ramos Calamonte sold 13,061 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of GBX 219, for a total transaction of £28,603.59. Also, insider William Barker acquired 5,527 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was purchased at an average price of GBX 278 per share, with a total value of £15,365.06. In the last ninety days, insiders have bought 71,911 shares of company stock worth $19,796,450. Corporate insiders own 18.03% of the company’s stock.

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.