ASOS Plc (ASC.L) – What Are Investment Firms Thinking About This Stock?

ASOS Plc (LON:ASC) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 453.57.

Several research firms have issued reports on ASC. Deutsche Bank raised their price target on shares of ASOS from GBX 450 to GBX 490 and gave the stock a “buy” rating in a research note on Friday, November 6th. Royal Bank Of Canada boosted their price objective on shares of ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Berenberg Bank reissued a “buy” rating and set a GBX 750 price objective on shares of ASOS in a research note on Thursday, November 5th. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 520 price objective on shares of ASOS in a research note on Thursday, November 5th.

ASOS Trading Up 1.0%

ASOS stock opened at GBX 470.50 on Thursday. The stock has a market cap of £562.95 million, a PE ratio of -2.44, a P/E/G ratio of -1.26 and a beta of 2.32. The stock has a 50-day moving average price of GBX 444.79 and a 200 day moving average price of GBX 329.49. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 517. 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 (LON:ASC) last announced its earnings results on Thursday, November 5th. The company reported GBX 41.60 earnings per share for the quarter. The firm had revenue of GBX 224.56 billion during the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. Equities research analysts predict that ASOS will post 12.42 earnings per share for the current fiscal 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.