ASOS plc (LON:ASC) Receives Consensus Recommendation of “Hold” from Brokerages

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ASOS plc (LON:ASC) has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 3,209.80 ($41.94).

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group set a GBX 3,450 ($45.08) target price on shares of ASOS and gave the stock a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group lowered shares of ASOS to an “underperform” rating and lowered their target price for the stock from GBX 3,500 ($45.73) to GBX 2,000 ($26.13) in a report on Thursday. Royal Bank of Canada lowered their target price on shares of ASOS from GBX 4,400 ($57.49) to GBX 3,300 ($43.12) and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. UBS Group set a GBX 2,800 ($36.59) target price on shares of ASOS and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Barclays lowered shares of ASOS to an “equal weight” rating and lowered their target price for the stock from GBX 4,200 ($54.88) to GBX 2,750 ($35.93) in a report on Friday, July 19th.

Shares of ASC traded up GBX 101 ($1.32) on Friday, reaching GBX 2,250 ($29.40). The company’s stock had a trading volume of 559,911 shares, compared to its average volume of 293,510. The company has a current ratio of 0.85, a quick ratio of 0.11 and a debt-to-equity ratio of 12.69. ASOS has a twelve month low of GBX 2,033 ($26.56) and a twelve month high of GBX 6,256 ($81.75). The stock has a market capitalization of $1.89 billion and a PE ratio of 31.03. The firm has a fifty day moving average of GBX 2,474.54 and a 200-day moving average of GBX 3,106.47.

In other news, insider Adam Crozier acquired 4,200 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was purchased at an average price of GBX 2,384 ($31.15) per share, for a total transaction of £100,128 ($130,834.97).

ASOS Company Profile

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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Analyst Recommendations for ASOS (LON:ASC)

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