ASOS’s (ASC) “Buy” Rating Reiterated at Berenberg Bank

ASOS (LON:ASC)‘s stock had its “buy” rating restated by Berenberg Bank in a research note issued on Thursday,Digital Look reports. They currently have a GBX 600 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 44.58% from the stock’s current price.

A number of other equities analysts have also recently commented on ASC. Deutsche Bank Aktiengesellschaft lifted their target price on shares of ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price objective on shares of ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada lifted their price objective on shares of ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, ASOS presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 419.29.

ASOS Price Performance

ASC stock opened at GBX 415 on Thursday. The company has a market capitalization of £496.54 million, a P/E ratio of -2.15, a PEG ratio of -1.26 and a beta of 2.31. ASOS has a twelve month low of GBX 206.50 and a twelve month high of GBX 421.50. The business has a 50 day simple moving average of GBX 350.17 and a 200-day simple moving average of GBX 285.12. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63.

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.