Shares of ASOS plc (LON:ASC) have been given an average recommendation of “Buy” by the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 3,961.70 ($51.77).
ASC has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on shares of ASOS from GBX 3,200 ($41.81) to GBX 2,200 ($28.75) and set an “underweight” rating on the stock in a research report on Tuesday, February 26th. Citigroup lifted their target price on shares of ASOS from GBX 4,000 ($52.27) to GBX 5,200 ($67.95) and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Peel Hunt reissued a “buy” rating on shares of ASOS in a research report on Monday, March 18th. Liberum Capital reissued a “hold” rating on shares of ASOS in a research report on Tuesday, March 19th. Finally, Shore Capital reissued a “hold” rating on shares of ASOS in a research report on Tuesday, March 19th.
LON ASC traded down GBX 56 ($0.73) during trading hours on Friday, hitting GBX 2,610 ($34.10). The company’s stock had a trading volume of 477,749 shares, compared to its average volume of 293,510. ASOS has a 52 week low of GBX 2,114 ($27.62) and a 52 week high of GBX 6,580 ($85.98). The stock has a market capitalization of $2.22 billion and a P/E ratio of 36.00. The company has a debt-to-equity ratio of 12.69, a current ratio of 0.85 and a quick ratio of 0.11. The company’s 50-day moving average price is GBX 3,380.12.
In related news, insider Nicholas Robertson sold 410,000 shares of ASOS stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of GBX 3,722 ($48.63), for a total value of £15,260,200 ($19,940,154.19).
ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.
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