Analysts Set ASOS Plc (LON:ASC) Target Price at GBX 371.83

ASOS Plc (LON:ASC) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 371.83.

A number of analysts recently weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 600 price target on shares of ASOS in a research report on Wednesday, July 1st. JPMorgan Chase & Co. raised 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. Shore Capital Group reissued a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a report on Tuesday, May 12th.

ASOS Stock Down 4.2%

Shares of LON:ASC opened at GBX 292.27 on Friday. ASOS has a 1 year low of GBX 206.50 and a 1 year high of GBX 375.30. The stock has a 50-day simple moving average of GBX 265.07 and a 200-day simple moving average of GBX 265.81. 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 stock has a market capitalization of £349.70 million, a P/E ratio of -1.51, a PEG ratio of -1.26 and a beta of 2.28.

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

Insiders Place Their Bets

In related news, insider William Barker bought 1,627,693 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were acquired at an average price of GBX 235 per share, for a total transaction of £3,825,078.55. Over the last ninety days, insiders have acquired 1,733,163 shares of company stock worth $407,118,076. 19.82% of the stock is owned by company insiders.

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.