ASOS Plc (LON:ASC) Receives Average Rating of “Moderate Buy” from Analysts

ASOS Plc (LON:ASC) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 383.33.

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on ASOS from GBX 270 to GBX 240 and set a “neutral” rating for the company in a research report on Monday, November 24th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 400 price target on shares of ASOS in a research note on Thursday, December 4th. Peel Hunt reiterated an “add” rating and set a GBX 335 price target on shares of ASOS in a report on Thursday, November 13th. Panmure Gordon restated a “hold” rating and issued a GBX 350 price objective on shares of ASOS in a report on Monday, November 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research report on Thursday, November 13th.

Insider Buying and Selling

In other ASOS news, insider Aaron Izzard sold 604 shares of the company’s 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 stock was sold at an average price of GBX 219, for a total value of £28,603.59. In the last quarter, insiders purchased 223,531 shares of company stock valued at $76,003,437. Company insiders own 18.40% of the company’s stock.

ASOS Price Performance

ASOS stock opened at GBX 285.13 on Friday. 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 company has a 50-day moving average price of GBX 288.59 and a 200 day moving average price of GBX 277.05. ASOS has a 12-month low of GBX 215 and a 12-month high of GBX 392.80. The stock has a market cap of £340.56 million, a P/E ratio of -1.14, a PEG ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC) last posted its earnings results 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%. Sell-side analysts anticipate that ASOS will post 12.4165252 earnings per share for the current 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.