Berenberg Bank Reaffirms “Buy” Rating for ASOS (LON:ASC)

ASOS (LON:ASC)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report released on Thursday,Digital Look reports. They currently have a GBX 600 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 44.58% from the company’s current price.

A number of other brokerages also recently issued reports on ASC. Deutsche Bank Aktiengesellschaft increased their target price on ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upped their price objective on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada increased their price objective on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Four research 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 company has an average rating of “Moderate Buy” and an average price target of GBX 419.29.

ASOS Price Performance

Shares of LON:ASC opened at GBX 415 on Thursday. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 421.50. The company has a 50-day moving average price of GBX 350.17 and a 200 day moving average price of GBX 285.12. The company has a market cap of £496.54 million, a P/E ratio of -2.15, a PEG ratio of -1.26 and a beta of 2.31. 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 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.