ASOS Plc (LON:ASC) Receives Average Recommendation of “Hold” from Analysts

Shares of ASOS Plc (LON:ASC) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 391 ($4.96).

Several brokerages recently issued reports on ASC. Barclays cut ASOS to an “underweight” rating and reduced their price objective for the stock from GBX 300 ($3.80) to GBX 290 ($3.68) in a report on Monday, September 9th. Berenberg Bank reiterated a “buy” rating and issued a GBX 490 ($6.21) price objective on shares of ASOS in a research report on Thursday, September 5th. Finally, Shore Capital restated a “hold” rating on shares of ASOS in a report on Tuesday, November 5th.

ASOS Price Performance

ASC stock opened at GBX 360 ($4.56) on Tuesday. The firm has a 50 day moving average of GBX 402.37 and a 200-day moving average of GBX 377.34. The company has a market cap of £428.80 million, a price-to-earnings ratio of -183.82, a PEG ratio of -1.26 and a beta of 2.86. The company has a current ratio of 1.51, a quick ratio of 0.39 and a debt-to-equity ratio of 158.84. ASOS has a 12-month low of GBX 328.84 ($4.17) and a 12-month high of GBX 453.80 ($5.75).

Insider Activity at ASOS

In other news, insider Dave Murray bought 5,800 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of GBX 346 ($4.39) per share, with a total value of £20,068 ($25,437.95). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of GBX 336 ($4.26), for a total value of £6,689.76 ($8,479.86). Corporate insiders own 51.44% 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.