ASOS Plc (LON:ASC) Receives GBX 443.33 Consensus Price Target from Brokerages

ASOS Plc (LON:ASCGet Free Report) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 443.33 ($5.63).

ASC has been the subject of several research reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 375 ($4.76) price objective on shares of ASOS in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 500 ($6.35) target price on shares of ASOS in a report on Thursday, April 18th. JPMorgan Chase & Co. reduced their target price on shares of ASOS from GBX 350 ($4.45) to GBX 300 ($3.81) and set a “neutral” rating for the company in a report on Thursday, April 18th. Shore Capital reaffirmed a “sell” rating on shares of ASOS in a report on Wednesday, April 17th. Finally, Berenberg Bank reduced their target price on shares of ASOS from GBX 510 ($6.48) to GBX 490 ($6.23) and set a “buy” rating for the company in a report on Wednesday, April 17th.

Read Our Latest Research Report on ASC

Insider Transactions at ASOS

In other news, insider William Barker acquired 180,000 shares of ASOS stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of GBX 341 ($4.33) per share, with a total value of £613,800 ($779,923.76). Corporate insiders own 50.41% of the company’s stock.

ASOS Stock Down 0.7 %

ASC opened at GBX 352.40 ($4.48) on Wednesday. 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 firm has a 50 day moving average price of GBX 359.14 and a 200-day moving average price of GBX 371.13. ASOS has a twelve month low of GBX 323 ($4.10) and a twelve month high of GBX 474.20 ($6.03). The stock has a market capitalization of £420.52 million, a price-to-earnings ratio of -178.39, a PEG ratio of -1.26 and a beta of 2.70.

ASOS Company Profile

(Get Free Report

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.

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Analyst Recommendations for ASOS (LON:ASC)

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