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

Shares of ASOS Plc (LON:ASC) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating 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 375.86.

ASC has been the topic of several research analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 600 price target on shares of ASOS in a report on Wednesday, July 1st. Royal Bank Of Canada lifted their price objective on ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research note on Tuesday, May 12th.

ASOS Stock Up 1.7%

ASOS stock opened at GBX 396 on Friday. ASOS has a twelve month low of GBX 206.50 and a twelve month high of GBX 405. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95. The firm has a market cap of £473.81 million, a PE ratio of -2.05, a P/E/G ratio of -1.26 and a beta of 2.31. The firm’s 50 day moving average price is GBX 342.28 and its two-hundred day moving average price is GBX 282.98.

Insider Transactions at ASOS

In related news, insider William Barker purchased 15,779 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were bought at an average cost of GBX 258 per share, for a total transaction of £40,709.82. 19.82% of the stock is owned by corporate insiders.

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.