ASOS Plc (LON:ASC) Receives Average Recommendation of “Hold” from Brokerages

ASOS Plc (LON:ASC) has been given an average rating of “Hold” by the six brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 391 ($5.23).

Several research firms recently issued reports on ASC. Barclays lowered ASOS to an “underweight” rating and dropped their price objective for the company from GBX 300 ($4.01) to GBX 290 ($3.88) in a research note on Monday, September 9th. Shore Capital restated a “sell” rating on shares of ASOS in a report on Tuesday, September 10th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.55) price target on shares of ASOS in a report on Thursday, September 5th.

ASOS Stock Down 0.5 %

ASOS stock opened at GBX 442.99 ($5.93) on Monday. ASOS has a 1-year low of GBX 328.84 ($4.40) and a 1-year high of GBX 453.80 ($6.07). The firm has a market capitalization of £527.65 million, a price-to-earnings ratio of -223.62, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a current ratio of 1.51, a quick ratio of 0.39 and a debt-to-equity ratio of 158.84. The firm has a 50 day simple moving average of GBX 391.22 and a 200 day simple moving average of GBX 371.27.

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.