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.

Analyst Ratings Changes

A number of analysts recently weighed in on ASC shares. The Goldman Sachs Group set a GBX 1,300 ($15.71) price target on shares of ASOS in a research note on Monday, June 20th. Barclays increased their price target on shares of ASOS from GBX 884 ($10.68) to GBX 1,075 ($12.99) and gave the stock an "equal weight" rating in a research note on Monday, June 20th. Morgan Stanley set a GBX 1,400 ($16.92) price target on shares of ASOS in a research note on Friday, June 17th. UBS Group set a GBX 1,700 ($20.54) price target on shares of ASOS in a research note on Friday, June 17th. Finally, JPMorgan Chase & Co. cut shares of ASOS to a "neutral" rating and reduced 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 analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 2,305 ($27.85).

ASOS Stock Down 1.9 %

Shares of LON:ASC opened at GBX 987.50 ($11.93) on Friday. The company has a quick ratio of 0.52, a current ratio of 1.59 and a debt-to-equity ratio of 77.77. ASOS has a 52 week low of GBX 775 ($9.36) and a 52 week high of GBX 4,146 ($50.10). The firm has a 50-day moving average price of GBX 1,028.50 and a 200 day moving average price of GBX 1,448.36. The stock has a market capitalization of £986.91 million and a price-to-earnings ratio of 3,185.48.

Insider Activity at ASOS

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