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 Trading Down 2.3 %

Shares of LON:ASC traded down GBX 23 ($0.28) during trading hours on Monday, hitting GBX 964.50 ($11.65). 370,735 shares of the company traded hands, compared to its average volume of 639,023. The stock has a market capitalization of £963.92 million and a price-to-earnings ratio of 3,111.29. The company has a current ratio of 1.59, a quick ratio of 0.52 and a debt-to-equity ratio of 77.77. The company's 50 day moving average price is GBX 1,015.97 and its 200 day moving average price is GBX 1,427.83. ASOS has a 12 month low of GBX 775 ($9.36) and a 12 month high of GBX 4,146 ($50.10).

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank of Canada set a GBX 2,000 ($24.17) price objective on ASOS in a research note on Friday, June 17th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 2,440 ($29.48) price objective on shares of ASOS in a research note on Thursday, June 16th. Berenberg Bank cut their price objective on ASOS from GBX 4,100 ($49.54) to GBX 2,500 ($30.21) and set a "buy" rating for the company in a research note on Thursday, June 16th. Barclays boosted their price target on ASOS from GBX 884 ($10.68) to GBX 1,075 ($12.99) and gave the stock an "equal weight" rating in a report on Monday, June 20th. Finally, JPMorgan Chase & Co. cut ASOS to a "neutral" rating and lowered their price target for the stock from GBX 2,900 ($35.04) to GBX 1,500 ($18.12) in a report on Tuesday, June 21st. One investment 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 2,305 ($27.85).

Insider Activity

In related news, insider Jørgen Lindemann bought 57,392 shares of the business's stock in a transaction dated Thursday, June 16th. The shares were purchased at an average price of GBX 854 ($10.32) per share, with a total value of £490,127.68 ($592,227.74).