ASOS (LON:ASC) Stock Gets Price Target Bump from Deutsche Bank Aktiengesellschaft

ASOS (LON:ASC – Get Free Report) had its price objective boosted by analysts at Deutsche Bank Aktiengesellschaft from GBX 450 to GBX 490 in a report released on Friday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price target would suggest a potential upside of 19.51% from the stock’s current price.

Several other equities research analysts have also recently issued reports on ASC. Royal Bank Of Canada raised their target price on shares of ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Berenberg Bank reiterated a “buy” rating and set a GBX 750 target price on shares of ASOS in a research note on Thursday. Finally, Shore Capital Group reiterated a “buy” rating and set a GBX 520 target price on shares of ASOS in a research note on Thursday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 453.57.

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ASOS Stock Performance

Shares of ASC stock opened at GBX 410 on Friday. The company has a 50 day moving average price of GBX 443.19 and a 200-day moving average price of GBX 326.91. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 517. The firm has a market capitalization of £490.56 million, a PE ratio of -2.12, a P/E/G ratio of -1.26 and a beta of 2.32. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63.

ASOS (LON:ASC – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported GBX 41.60 earnings per share for the quarter. The firm had revenue of GBX 224.56 billion during the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. As a group, equities research analysts expect that ASOS will post 12.42 earnings per share for the current year.

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ASOS Company Profile

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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.

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Analyst Recommendations for ASOS (LON:ASC)

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