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

Berenberg Bank reissued their buy rating on shares of ASOS (LON:ASC) in a research note released on Monday morning,Digital Look reports. They currently have a GBX 600 target price on the stock.

Separately, Shore Capital Group restated a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, ASOS currently has a consensus rating of “Moderate Buy” and an average price target of GBX 352.67.

ASOS Stock Performance

Shares of ASC opened at GBX 232 on Monday. ASOS has a 12-month low of GBX 206.50 and a 12-month high of GBX 375.30. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63. The firm has a market capitalization of £277.59 million, a price-to-earnings ratio of -1.20, a P/E/G ratio of -1.26 and a beta of 2.22. The stock’s 50-day moving average price is GBX 233.46 and its 200 day moving average price is GBX 258.55.

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

Insider Buying and Selling at ASOS

In related news, insider William Barker acquired 1,627,693 shares of the stock in a transaction dated Thursday, April 23rd. The shares were bought at an average cost of GBX 235 per share, for a total transaction of £3,825,078.55. Corporate insiders own 18.40% of the company’s stock.

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.