ASOS Plc (LON:ASC) Receives GBX 447.14 Consensus Price Target from Brokerages

ASOS Plc (LON:ASC) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 443.33 ($5.66).

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 500 ($6.39) target price on shares of ASOS in a research note on Thursday, April 18th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 375 ($4.79) target price on shares of ASOS in a research note on Thursday, April 18th. Berenberg Bank lowered their price objective on shares of ASOS from GBX 510 ($6.51) to GBX 490 ($6.26) and set a “buy” rating on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lowered their price objective on shares of ASOS from GBX 350 ($4.47) to GBX 300 ($3.83) and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Finally, Shore Capital restated a “sell” rating on shares of ASOS in a research report on Wednesday, April 17th.

Insider Buying and Selling at ASOS

In other ASOS news, insider William Barker bought 180,000 shares of ASOS stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of GBX 341 ($4.36) per share, with a total value of £613,800 ($783,908.05). 50.41% of the stock is owned by corporate insiders.

ASOS Trading Down 0.8 %

Shares of LON ASC opened at GBX 369.20 ($4.72) on Friday. The firm’s 50 day moving average price is GBX 356.41 and its 200-day moving average price is GBX 373.86. The company has a market cap of £440.57 million, a PE ratio of -186.93, a P/E/G ratio of -1.26 and a beta of 2.70. ASOS has a 52-week low of GBX 320.33 ($4.09) and a 52-week high of GBX 474.20 ($6.06). The company has a debt-to-equity ratio of 158.84, a quick ratio of 0.39 and a current ratio of 1.51.

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.