Insider Buying: ASOS Plc (LON:ASC) Insider Purchases 150,000 Shares of Stock

ASOS Plc (LON:ASC) insider William Barker acquired 150,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of GBX 367 ($4.60) per share, with a total value of £550,500 ($690,109.06).

William Barker also recently made the following trade(s):

• On Monday, November 18th, William Barker acquired 381,673 shares of ASOS stock. The stock was purchased at an average cost of GBX 361 ($4.53) per share, with a total value of £1,377,839.53 ($1,727,265.30).

ASOS Stock Down 1.0 %

ASC opened at GBX 363.60 ($4.56) on Friday. ASOS Plc has a twelve month low of GBX 328.84 ($4.12) and a twelve month high of GBX 453.80 ($5.69). 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 company has a 50-day moving average price of GBX 397.45 and a 200 day moving average price of GBX 377.39. The company has a market cap of £433.08 million, a PE ratio of -183.62, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ASC shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 490 ($6.14) price target on shares of ASOS in a research note on Thursday, September 5th. Shore Capital reaffirmed a “hold” rating on shares of ASOS in a research note on Tuesday, November 5th. Finally, Barclays downgraded shares of ASOS to an “underweight” rating and reduced their price objective for the stock from GBX 300 ($3.76) to GBX 290 ($3.64) in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 391 ($4.90).

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.