ASOS Plc (LON:ASC) Receives Consensus Rating of “Moderate Buy” from Brokerages

ASOS Plc (LON:ASC) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 364.33.

A number of equities research analysts have recently issued reports on the company. Shore Capital Group restated a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a research report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on ASOS from GBX 240 to GBX 285 and gave the stock a “neutral” rating in a research report on Tuesday.

ASOS Price Performance

ASC stock opened at GBX 232.51 on Thursday. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. The business has a 50 day simple moving average of GBX 231.12 and a 200-day simple moving average of GBX 258.15. The firm has a market capitalization of £278.20 million, a PE ratio of -1.20, a price-to-earnings-growth ratio of -1.26 and a beta of 2.22. ASOS has a 1 year low of GBX 206.50 and a 1 year high of GBX 375.30.

ASOS (LON:ASC) last posted its quarterly earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share (EPS) for the quarter. The company had revenue of GBX 111.60 billion during the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. Equities research analysts anticipate that ASOS will post 12.4165252 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ASOS news, insider William Barker acquired 1,627,693 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was bought at an average cost of GBX 235 per share, for a total transaction of £3,825,078.55. Insiders own 18.40% 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.