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

Berenberg Bank reaffirmed their buy rating on shares of ASOS (LON:ASC) in a research report released on Thursday,Digital Look reports. They currently have a GBX 600 price target on the stock.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada upped their price target on ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. boosted their target price on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 419.29.

ASOS Stock Performance

Shares of ASC opened at GBX 419 on Thursday. The business’s fifty day simple moving average is GBX 355.89 and its two-hundred day simple moving average is GBX 286.93. 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 has a 12 month low of GBX 206.50 and a 12 month high of GBX 421.50. The company has a market cap of £501.33 million, a price-to-earnings ratio of -2.17, a P/E/G ratio of -1.26 and a beta of 2.31.

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.