ASOS Plc (LON:ASC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of ASOS Plc (LON:ASC) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 419.29.

ASC has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Shore Capital Group lifted their price objective on ASOS from GBX 420 to GBX 520 and gave the stock a “buy” rating in a report on Thursday. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada upped their target price on shares of ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th.

ASOS Stock Performance

Shares of ASC opened at GBX 414.96 on Friday. The business’s fifty day simple moving average is GBX 350.17 and its two-hundred day simple moving average is GBX 285.12. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. ASOS has a 12 month low of GBX 206.50 and a 12 month high of GBX 421.50. The company has a market cap of £496.50 million, a price-to-earnings ratio of -2.15, a P/E/G ratio of -1.26 and a beta of 2.31.

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.