Berenberg Bank upgraded shares of ASOS (LON:ASC) to a buy rating in a report published on Monday, Borsen Zeitung reports. The brokerage currently has GBX 4,200 ($55.25) price objective on the stock, up from their previous price objective of GBX 3,000 ($39.46).
Other research analysts have also issued research reports about the company. Goldman Sachs Group upped their price target on ASOS from GBX 3,800 ($49.99) to GBX 3,900 ($51.30) and gave the company a buy rating in a research report on Thursday, January 23rd. Shore Capital reaffirmed a hold rating on shares of ASOS in a research report on Thursday, January 23rd. HSBC raised ASOS to a buy rating and upped their price target for the company from GBX 3,560 ($46.83) to GBX 3,615 ($47.55) in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 3,800 ($49.99) price target on shares of ASOS in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada set a GBX 3,900 ($51.30) price target on ASOS and gave the company a buy rating in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 3,478.33 ($45.76).
ASC opened at GBX 3,438 ($45.22) on Monday. The business has a 50 day simple moving average of GBX 3,272.10 and a two-hundred day simple moving average of GBX 2,913.97. The firm has a market capitalization of $2.97 billion and a price-to-earnings ratio of 116.94. The company has a debt-to-equity ratio of 19.95, a current ratio of 0.81 and a quick ratio of 0.07. ASOS has a one year low of GBX 2,033 ($26.74) and a one year high of GBX 4,090 ($53.80).
In other ASOS news, insider Mathew Dunn sold 9,433 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of GBX 3,047 ($40.08), for a total transaction of £287,423.51 ($378,089.33). Also, insider Nick Beighton bought 1,629 shares of ASOS stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 3,060 ($40.25) per share, for a total transaction of £49,847.40 ($65,571.43).
ASOS Company Profile
ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.
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