Brokerages Set ASOS Plc (LON:ASC) PT at GBX 391

ASOS Plc (LON:ASC) has been given an average recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 391 ($4.91).

ASC has been the topic of a number of research analyst reports. Barclays cut ASOS to an “underweight” rating and reduced their target price for the company from GBX 300 ($3.77) to GBX 290 ($3.64) in a report on Monday, September 9th. Berenberg Bank reiterated a “buy” rating and issued a GBX 490 ($6.15) target price on shares of ASOS in a report on Thursday, September 5th. Finally, Shore Capital reiterated a “hold” rating on shares of ASOS in a report on Tuesday, November 5th.

Insiders Place Their Bets

In other ASOS news, insider José Antonio Ramos Calamonte sold 1,991 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of GBX 336 ($4.22), for a total transaction of £6,689.76 ($8,402.11). Also, insider William Barker bought 150,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of GBX 367 ($4.61) per share, for a total transaction of £550,500 ($691,409.19). Insiders have purchased a total of 537,473 shares of company stock worth $194,840,753 over the last quarter. 51.44% of the stock is owned by corporate insiders.

ASOS Price Performance

ASC stock opened at GBX 369.80 ($4.64) on Tuesday. ASOS has a 52-week low of GBX 328.84 ($4.13) and a 52-week high of GBX 453.80 ($5.70). The stock has a market capitalization of £440.47 million, a price-to-earnings ratio of -185.83, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a quick ratio of 0.39, a current ratio of 1.51 and a debt-to-equity ratio of 158.84. The stock’s fifty day simple moving average is GBX 394.71 and its 200-day simple moving average is GBX 377.88.

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.