ASOS (LON:ASC) Given Buy Rating at Deutsche Bank Aktiengesellschaft

ASOS (LON:ASC)‘s stock had its “buy” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a report released on Thursday, Digital Look reports. They currently have a GBX 500 ($6.22) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 38.73% from the company’s previous close.

Several other research firms have also recently weighed in on ASC. Shore Capital reiterated a “sell” rating on shares of ASOS in a research report on Wednesday. Berenberg Bank cut their target price on shares of ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a “buy” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 509.17 ($6.34).

ASOS Price Performance

Shares of LON:ASC opened at GBX 360.40 ($4.49) on Thursday. The company has a debt-to-equity ratio of 115.59, a current ratio of 1.73 and a quick ratio of 0.39. The stock has a market cap of £430.07 million, a price-to-earnings ratio of -169.20, a PEG ratio of -1.26 and a beta of 2.72. ASOS has a 12 month low of GBX 320.33 ($3.99) and a 12 month high of GBX 794 ($9.88). The stock’s 50 day moving average price is GBX 362.08 and its 200 day moving average price is GBX 380.08.

Insider Transactions at ASOS

In other news, insider William Barker bought 13,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of GBX 365 ($4.54) per share, with a total value of £47,450 ($59,068.84). 50.18% of the stock is currently owned by corporate insiders.

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.