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

Berenberg Bank restated their buy rating on shares of ASOS (LON:ASC) in a report issued on Thursday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 600 ($7.99) price objective on the stock.

Separately, Shore Capital reiterated a “buy” rating on shares of ASOS in a research report on Thursday.

ASOS Stock Performance

LON ASC opened at GBX 293.50 ($3.91) on Thursday. The firm has a 50-day moving average price of GBX 293.02 and a two-hundred day moving average price of GBX 357.63. ASOS has a 12-month low of GBX 223.20 ($2.97) and a 12-month high of GBX 454.20 ($6.05). The company has a market capitalization of £351.82 million, a P/E ratio of -1.04, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55.

ASOS (LON:ASC) last released its quarterly earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.22)) earnings per share for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. Analysts anticipate that ASOS will post 12.4165252 earnings per share for the current year.

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.