ASOS Plc (LON:ASC) Receives Consensus Rating of “Hold” from Brokerages

Shares of ASOS Plc (LON:ASC) have received an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 391 ($4.92).

A number of brokerages have recently commented on ASC. Barclays cut ASOS to an “underweight” rating and dropped their price target for the company from GBX 300 ($3.77) to GBX 290 ($3.65) in a research note on Monday, September 9th. Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.16) price target on shares of ASOS in a report on Thursday, September 5th. Finally, Shore Capital reiterated a “hold” rating on shares of ASOS in a report on Tuesday, November 5th.

Insider Buying and Selling

In other ASOS news, insider William Barker purchased 150,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of GBX 367 ($4.61) per share, with a total value of £550,500 ($692,104.60). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of ASOS stock in a transaction on Friday, November 8th. The shares were sold at an average price of GBX 336 ($4.22), for a total transaction of £6,689.76 ($8,410.56). Insiders have purchased a total of 537,473 shares of company stock valued at $194,840,753 over the last ninety days. 51.44% of the stock is owned by company insiders.

ASOS Price Performance

ASC stock opened at GBX 401.91 ($5.05) on Friday. ASOS has a 1 year low of GBX 328.84 ($4.13) and a 1 year high of GBX 453.80 ($5.71). The company has a debt-to-equity ratio of 158.84, a current ratio of 1.51 and a quick ratio of 0.39. The stock has a market cap of £478.71 million, a price-to-earnings ratio of -201.96, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a 50 day simple moving average of GBX 378.45 and a 200 day simple moving average of GBX 380.25.

ASOS Company Profile

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.