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

ASOS (LON:ASC)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report released on Thursday, Digital Look reports. They currently have a GBX 750 price target on the stock. Berenberg Bank‘s price objective indicates a potential upside of 74.11% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Shore Capital Group raised ASOS to a “buy” rating and set a GBX 520 target price for the company in a report on Thursday, September 24th. Royal Bank Of Canada raised their target price on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 440.71.

ASOS Trading Up 2.1%

ASOS stock opened at GBX 430.75 on Thursday. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95. The stock has a market cap of £515.39 million, a PE ratio of -2.23, a price-to-earnings-growth ratio of -1.26 and a beta of 2.32. The stock has a 50-day moving average of GBX 443.19 and a two-hundred day moving average of GBX 326.33. ASOS has a one year low of GBX 206.50 and a one year high of GBX 517.

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.