Insider Buying: ASOS Plc (LON:ASC) Insider Acquires £550,500 in Stock

ASOS Plc (LON:ASC) insider William Barker bought 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost 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 purchased 381,673 shares of ASOS stock. The shares were purchased at an average price of GBX 361 ($4.53) per share, with a total value of £1,377,839.53 ($1,727,265.30).

ASOS Stock Performance

LON:ASC opened at GBX 363.60 ($4.56) on Friday. The company has a market cap of £433.08 million, a P/E ratio of -182.71, a P/E/G ratio of -1.26 and a beta of 2.86. The firm’s 50 day moving average is GBX 396.03 and its two-hundred day moving average is GBX 377.44. ASOS Plc has a fifty-two week low of GBX 328.84 ($4.12) and a fifty-two week 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.

Wall Street Analyst Weigh In

ASC has been the topic of a number of analyst reports. Shore Capital restated a “hold” rating on shares of ASOS in a research report on Tuesday, November 5th. Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.14) price objective on shares of ASOS in a report on Thursday, September 5th. Finally, Barclays lowered ASOS to an “underweight” rating and dropped their target price for the company from GBX 300 ($3.76) to GBX 290 ($3.64) in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.