ASOS plc (LON:ASC) Given Consensus Recommendation of “Hold” by Analysts

ASOS plc (LON:ASC) has been assigned an average rating of “Hold” from the nineteen research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 3,518.93 ($43.30).

Several analysts recently weighed in on the stock. Barclays lifted their price objective on shares of ASOS from GBX 1,500 ($18.46) to GBX 2,100 ($25.84) and gave the company an “equal weight” rating in a research report on Tuesday, April 14th. Jefferies Financial Group upgraded shares of ASOS to a “buy” rating and lifted their price objective for the company from GBX 2,000 ($24.61) to GBX 2,300 ($28.30) in a research report on Wednesday, April 8th. Goldman Sachs Group lifted their price objective on shares of ASOS from GBX 2,800 ($34.46) to GBX 3,600 ($44.30) and gave the company a “buy” rating in a research report on Thursday, May 14th. Berenberg Bank lifted their price objective on shares of ASOS from GBX 3,200 ($39.38) to GBX 4,400 ($54.15) and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Bank of America lifted their price objective on shares of ASOS from GBX 2,050 ($25.23) to GBX 2,750 ($33.84) and gave the company an “underperform” rating in a research report on Monday, June 22nd.

LON ASC opened at GBX 3,499 ($43.06) on Tuesday. ASOS has a one year low of GBX 975.20 ($12.00) and a one year high of GBX 3,773 ($46.43). The company has a 50-day simple moving average of GBX 3,040.90 and a 200-day simple moving average of GBX 2,764.42. The company has a debt-to-equity ratio of 92.82, a quick ratio of 0.11 and a current ratio of 0.83. The firm has a market capitalization of $3.31 billion and a PE ratio of 62.18.

ASOS (LON:ASC) last issued its quarterly earnings data on Tuesday, April 7th. The company reported GBX 27.60 ($0.34) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 5.80 ($0.07) by GBX 21.80 ($0.27). Equities analysts forecast that ASOS will post 8210.1604612 earnings per share for the current year.

In other ASOS news, insider Nicholas Robertson acquired 1,000,000 shares of the stock in a transaction dated Thursday, April 9th. The shares were bought at an average price of GBX 2,100 ($25.84) per share, with a total value of £21,000,000 ($25,842,973.17). Also, insider Luke Jensen acquired 1,800 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of GBX 2,773 ($34.13) per share, for a total transaction of £49,914 ($61,425.06).

ASOS Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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