ASOS Plc (LON:ASC) Given Consensus Recommendation of "Hold" by Brokerages

Shares of ASOS Plc (LON:ASC - Get Free Report) have been assigned an average recommendation of "Hold" from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 391 ($5.08).

A number of research analysts have recently weighed in on the company. Berenberg Bank reissued a "buy" rating and issued a GBX 490 ($6.36) price objective on shares of ASOS in a report on Thursday, September 5th. Shore Capital reissued a "sell" rating on shares of ASOS in a research report on Tuesday, September 10th. Finally, Barclays downgraded shares of ASOS to an "underweight" rating and dropped their price objective for the company from GBX 300 ($3.90) to GBX 290 ($3.77) in a report on Monday, September 9th.

ASOS Stock Performance

Shares of ASC traded up GBX 7.80 ($0.10) during trading hours on Friday, reaching GBX 379 ($4.92). 249,498 shares of the company traded hands, compared to its average volume of 391,269. The stock has a market capitalization of £451.43 million, a P/E ratio of -190.45, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a quick ratio of 0.39, a current ratio of 1.51 and a debt-to-equity ratio of 158.84. The business has a fifty day moving average price of GBX 404.43 and a 200-day moving average price of GBX 375.32. ASOS has a 12-month low of GBX 328.84 ($4.27) and a 12-month high of GBX 453.80 ($5.89).

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.