ASOS - ASC Share Forecast, Price & News

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses. The company was founded in 2000 and is headquartered in London, the United Kingdom.

ASOS Stock Down 1.9 %

ASC Stock opened at GBX 987.50 ($11.93) on Friday. The company has a debt-to-equity ratio of 77.77, a current ratio of 1.59 and a quick ratio of 0.52. The firm's fifty day simple moving average is GBX 1,028.50 and its 200-day simple moving average is GBX 1,442.45. ASOS has a 12 month low of GBX 775 ($9.36) and a 12 month high of GBX 4,146 ($50.10). The company has a market capitalization of £986.91 million and a P/E ratio of 3,185.48.

Wall Street Analyst Weigh In

Several research firms have recently commented on ASC. The Goldman Sachs Group set a GBX 1,300 ($15.71) price target on ASOS in a research report on Monday, June 20th. Deutsche Bank Aktiengesellschaft set a GBX 2,900 ($35.04) price objective on shares of ASOS in a research note on Tuesday, April 19th. Royal Bank of Canada set a GBX 2,000 ($24.17) target price on shares of ASOS in a research note on Friday, June 17th. Morgan Stanley set a GBX 1,400 ($16.92) price objective on ASOS in a report on Friday, June 17th. Finally, JPMorgan Chase & Co. downgraded ASOS to a "neutral" rating and dropped their target price for the stock from GBX 2,900 ($35.04) to GBX 1,500 ($18.12) in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, ASOS has a consensus rating of "Moderate Buy" and an average price target of GBX 2,305 ($27.85).

Insider Buying and Selling at ASOS

In related news, insider Jørgen Lindemann acquired 57,392 shares of ASOS stock in a transaction on Thursday, June 16th. The stock was acquired at an average price of GBX 854 ($10.32) per share, for a total transaction of £490,127.68 ($592,227.74).