ASOS (LON:ASC) Receives Buy Rating from Berenberg Bank

ASOS (LON:ASC)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a GBX 600 price target on the stock. Berenberg Bank’s target price suggests a potential upside of 150.22% from the company’s current price.

Separately, Shore Capital Group reissued a “buy” rating and set a GBX 400 price target on shares of ASOS in a report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, ASOS currently has an average rating of “Moderate Buy” and an average target price of GBX 383.33.

ASOS Stock Up 13.1%

ASOS stock opened at GBX 239.79 on Wednesday. The company’s 50-day moving average price is GBX 279.94 and its two-hundred day moving average price is GBX 268.44. The company has a quick ratio of 0.39, a current ratio of 1.02 and a debt-to-equity ratio of 342.80. The stock has a market cap of £286.40 million, a P/E ratio of -0.96, a P/E/G ratio of -1.26 and a beta of 2.30. ASOS has a twelve month low of GBX 206.50 and a twelve month high of GBX 375.30.

Insider Activity

In other ASOS news, insider William Barker purchased 132,455 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was bought at an average cost of GBX 381 per share, for a total transaction of £504,653.55. In the last quarter, insiders have purchased 223,531 shares of company stock worth $76,003,437. Corporate insiders own 18.40% of the company’s stock.

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.