ASOS Plc (LON:ASC) Receives Consensus Recommendation of "Hold" from Analysts

Shares of ASOS Plc (LON:ASC - Get Free Report) have been given a consensus rating of "Hold" by the nine research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 466.25 ($5.86).

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 500 ($6.28) target price on shares of ASOS in a report on Thursday, April 18th. Shore Capital reissued a "sell" rating on shares of ASOS in a research note on Wednesday, April 17th. JPMorgan Chase & Co. cut their target price on shares of ASOS from GBX 350 ($4.40) to GBX 300 ($3.77) and set a "neutral" rating for the company in a research report on Thursday, April 18th. Barclays restated an "equal weight" rating on shares of ASOS in a report on Thursday, April 18th. Finally, Berenberg Bank lowered their price objective on ASOS from GBX 510 ($6.41) to GBX 490 ($6.16) and set a "buy" rating for the company in a research report on Wednesday, April 17th.

ASOS Stock Down 1.8 %

Shares of ASOS stock traded down GBX 6.20 ($0.08) during trading hours on Tuesday, reaching GBX 334.40 ($4.20). 291,589 shares of the company were exchanged, compared to its average volume of 391,752. The firm has a market cap of £399.04 million, a PE ratio of -157.00, a PEG ratio of -1.26 and a beta of 2.72. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.39 and a current ratio of 1.73. ASOS has a 1 year low of GBX 320.33 ($4.02) and a 1 year high of GBX 758.80 ($9.53). The stock's fifty day moving average is GBX 355.23 and its 200 day moving average is GBX 377.94.

Insider Activity

In related news, insider William Barker acquired 474,000 shares of ASOS stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of GBX 364 ($4.57) per share, with a total value of £1,725,360 ($2,167,265.42). Corporate insiders own 50.18% 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.