ASOS Plc (LON:ASC) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

ASOS Plc (LON:ASC) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 453.57.

ASC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on ASOS from GBX 450 to GBX 490 and gave the company a “buy” rating in a report on Friday. Berenberg Bank restated a “buy” rating and set a GBX 750 price target on shares of ASOS in a report on Thursday, November 5th. Royal Bank Of Canada boosted their target price on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 520 target price on shares of ASOS in a research report on Thursday, November 5th.

ASOS Stock Up 2.8%

LON:ASC opened at GBX 441.94 on Thursday. The firm has a market capitalization of £528.78 million, a PE ratio of -2.29, a price-to-earnings-growth ratio of -1.26 and a beta of 2.32. The stock has a 50 day moving average of GBX 443.18 and a 200-day moving average of GBX 328.10. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 517.

ASOS (LON:ASC) last issued its quarterly earnings data on Thursday, November 5th. The company reported GBX 41.60 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 224.56 billion during the quarter. Analysts predict that ASOS will post 12.42 EPS for the current year.

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.