ASOS Plc (LON:ASC) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give ASOS a “Moderate Buy” consensus: Four of seven brokerages rate the stock a buy, while three recommend holding it. The average 12-month price target is GBX 375.86.
• Recent broker updates were mixed but generally more positive: price targets range from GBX 330 to GBX 600, with Berenberg maintaining a buy rating and a GBX 600 target.
• ASOS shares opened at GBX 396, near their 12-month high of GBX 405, while insider William Barker purchased 89,691 shares worth approximately £205,392. The company has high leverage, with a debt-to-equity ratio of 855.63.

Shares of ASOS Plc (LON:ASC - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 375.86.

A number of analysts recently weighed in on the stock. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 600 price objective on shares of ASOS in a report on Wednesday, July 1st. JPMorgan Chase & Co. lifted their price target on ASOS from GBX 285 to GBX 330 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft increased their price target on ASOS from GBX 375 to GBX 400 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada raised their price target on ASOS from GBX 275 to GBX 400 and gave the company a "sector perform" rating in a report on Wednesday, August 5th.

Insider Transactions at ASOS

In related news, insider William Barker bought 89,691 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of GBX 229 per share, with a total value of £205,392.39. 19.82% of the stock is owned by corporate insiders.

ASOS Price Performance

Shares of ASC opened at GBX 396 on Friday. ASOS has a 12 month low of GBX 206.50 and a 12 month high of GBX 405. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. The stock has a fifty day moving average price of GBX 342.28 and a 200 day moving average price of GBX 282.98. The company has a market cap of £473.81 million, a P/E ratio of -2.05, a PEG ratio of -1.26 and a beta of 2.31.

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.

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