ASOS Plc (LON:ASC) Insider Jørgen Lindemann Buys 57,392 Shares

ASOS Plc (LON:ASCGet Rating) insider Jørgen Lindemann bought 57,392 shares of ASOS stock in a transaction on Thursday, June 16th. The stock was acquired at an average price of GBX 854 ($10.37) per share, for a total transaction of £490,127.68 ($594,887.34).

Shares of LON ASC opened at GBX 860.50 ($10.44) on Friday. ASOS Plc has a 12-month low of GBX 775 ($9.41) and a 12-month high of GBX 5,242.75 ($63.63). The company has a market capitalization of £859.98 million and a PE ratio of 26.25. The company has a debt-to-equity ratio of 77.77, a current ratio of 1.59 and a quick ratio of 0.52. The firm’s 50-day moving average is GBX 1,403.72 and its two-hundred day moving average is GBX 1,812.61.

Several equities analysts have issued reports on the company. Royal Bank of Canada set a GBX 2,000 ($24.27) target price on ASOS in a research note on Friday. Berenberg Bank decreased their target price on ASOS from GBX 4,100 ($49.76) to GBX 2,500 ($30.34) and set a “buy” rating for the company in a report on Thursday. Credit Suisse Group set a GBX 2,850 ($34.59) price target on ASOS in a research report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 3,850 ($46.73) price target on shares of ASOS in a research report on Wednesday, April 13th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 2,440 ($29.62) price objective on shares of ASOS in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, ASOS has a consensus rating of “Buy” and a consensus target price of GBX 2,792.69 ($33.90).

ASOS Company Profile (Get Rating)

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses.

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