ASOS Plc (LON:ASC) Given Average Rating of “Moderate Buy” by Analysts

ASOS Plc (LON:ASC) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 371.83.

A number of research firms have commented on ASC. Deutsche Bank Aktiengesellschaft lifted their target price on ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 600 target price on shares of ASOS in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised their price objective on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Shore Capital Group restated a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd.

ASOS Stock Performance

Shares of ASC stock opened at GBX 359.33 on Tuesday. The company has a market capitalization of £429.94 million, a price-to-earnings ratio of -1.86, a price-to-earnings-growth ratio of -1.26 and a beta of 2.28. 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 company’s 50-day moving average is GBX 307.91 and its 200 day moving average is GBX 274.96. ASOS has a one year low of GBX 206.50 and a one year high of GBX 390.50.

Insider Activity at ASOS

In related news, insider William Barker bought 89,691 shares of the stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of GBX 229 per share, with a total value of £205,392.39. Company insiders own 19.82% of the company’s stock.

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.