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

ASOS Plc (LON:ASC) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 383.33.

ASC has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a report on Friday. Peel Hunt reaffirmed an “add” rating and issued a GBX 335 price objective on shares of ASOS in a report on Thursday, November 13th. Berenberg Bank reissued a “buy” rating and set a GBX 600 target price on shares of ASOS in a research note on Thursday, November 13th. Panmure Gordon restated a “hold” rating and issued a GBX 350 price target on shares of ASOS in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their price target on ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a research report on Monday.

ASOS Stock Performance

Shares of ASC stock traded down GBX 15.50 on Monday, hitting GBX 218.50. The company had a trading volume of 2,727,712 shares, compared to its average volume of 363,637. ASOS has a twelve month low of GBX 217 and a twelve month high of GBX 454.20. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The firm has a market cap of £260.42 million, a P/E ratio of -0.88, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a 50-day moving average price of GBX 257.21 and a 200-day moving average price of GBX 291.47.

ASOS (LON:ASC) last posted its earnings results on Friday, November 21st. The company reported GBX (250.10) EPS for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. As a group, equities research analysts predict that ASOS will post 12.4165252 earnings per share for the current fiscal year.

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.