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

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

Other equities research analysts have also recently issued reports about the company. Shore Capital reaffirmed a “buy” rating and set a GBX 400 price objective on shares of ASOS in a research report on Wednesday, October 1st. Peel Hunt reaffirmed an “add” rating and set a GBX 335 price target on shares of ASOS in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 445.

ASOS Stock Up 2.3%

ASC traded up GBX 6 during trading on Thursday, hitting GBX 269. 696,168 shares of the company’s stock traded hands, compared to its average volume of 352,600. The stock has a market capitalization of £320.61 million, a price-to-earnings ratio of -1.09, a PEG ratio of -1.26 and a beta of 2.86. The company’s 50 day simple moving average is GBX 261.07 and its two-hundred day simple moving average is GBX 293.19. ASOS has a 12-month low of GBX 221 and a 12-month high of GBX 454.20. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55.

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.