Deutsche Bank Aktiengesellschaft Has Lowered Expectations for ASOS (LON:ASC) Stock Price

ASOS (LON:ASC) had its price objective dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 440 to GBX 375 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 71.62% from the stock’s previous close.

ASC has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their price objective on ASOS from GBX 270 to GBX 240 and set a “neutral” rating for the company in a research report on Monday. Peel Hunt reaffirmed an “add” rating and issued a GBX 335 target price on shares of ASOS in a research note on Thursday, November 13th. Panmure Gordon reiterated a “hold” rating and set a GBX 350 price target on shares of ASOS in a research report on Monday. Shore Capital reissued a “buy” rating and set a GBX 400 price target on shares of ASOS in a research note on Wednesday, October 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 383.33.

ASOS Trading Down 6.6%

LON:ASC traded down GBX 15.50 during trading hours on Friday, hitting GBX 218.50. 2,727,712 shares of the stock were exchanged, compared to its average volume of 363,637. The company has a market capitalization of £260.42 million, a P/E ratio of -0.88, a price-to-earnings-growth 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. The company’s 50 day moving average is GBX 257.21 and its two-hundred day moving average is GBX 291.47. ASOS has a twelve month low of GBX 217 and a twelve month high of GBX 454.20.

ASOS (LON:ASC) last released its earnings results on Friday, November 21st. The company reported GBX (250.10) EPS for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. On average, sell-side analysts anticipate that ASOS will post 12.4165252 earnings per share for the current fiscal year.

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.