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

ASOS (LON:ASC)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research report issued on Monday,Digital Look reports. They presently have a GBX 600 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 146.07% from the company’s previous close.

Separately, Shore Capital Group reiterated a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 352.67.

ASOS Stock Up 12.1%

ASC stock opened at GBX 243.83 on Monday. The company’s 50 day simple moving average is GBX 235.75 and its 200-day simple moving average is GBX 258.84. The firm has a market capitalization of £291.74 million, a PE ratio of -1.26, a P/E/G ratio of -1.26 and a beta of 2.22. ASOS has a 12 month low of GBX 206.50 and a 12 month high of GBX 375.30. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39.

ASOS (LON:ASC) last released its quarterly earnings results on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. The business had revenue of GBX 111.60 billion during the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. Equities analysts expect that ASOS will post 12.4165252 earnings per share for the current fiscal year.

Insider Transactions at ASOS

In other news, insider William Barker bought 1,627,693 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were purchased at an average price of GBX 235 per share, for a total transaction of £3,825,078.55. Company insiders own 18.40% of the company’s stock.

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.