ASOS (LON:ASC) Stock Rating Upgraded by Berenberg Bank

Berenberg Bank upgraded shares of ASOS (LON:ASC) to a buy rating in a research note published on Monday, Borsen Zeitung reports. Berenberg Bank currently has GBX 4,200 ($55.25) price objective on the stock, up from their prior price objective of GBX 3,000 ($39.46).

A number of other analysts have also weighed in on the stock. HSBC upgraded shares of ASOS to a buy rating and raised their target price for the company from GBX 3,560 ($46.83) to GBX 3,615 ($47.55) in a research report on Tuesday, December 10th. Royal Bank of Canada set a GBX 3,900 ($51.30) target price on shares of ASOS and gave the company a buy rating in a research report on Friday, January 24th. Goldman Sachs Group raised their target price on shares of 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. UBS Group restated a neutral rating and issued a GBX 3,200 ($42.09) target price on shares of ASOS in a research report on Friday, January 24th. Finally, Shore Capital restated a hold rating on shares of ASOS in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 3,521.18 ($46.32).

Shares of ASOS stock opened at GBX 3,524 ($46.36) on Monday. ASOS has a fifty-two week low of GBX 2,033 ($26.74) and a fifty-two week high of GBX 4,090 ($53.80). The company has a debt-to-equity ratio of 19.95, a current ratio of 0.81 and a quick ratio of 0.07. The firm has a market capitalization of $2.96 billion and a P/E ratio of 119.86. The company’s 50 day moving average price is GBX 3,261.84 and its two-hundred day moving average price is GBX 2,900.32.

In other news, insider Nick Beighton bought 1,629 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of GBX 3,060 ($40.25) per share, for a total transaction of £49,847.40 ($65,571.43). Also, insider Mathew Dunn sold 9,433 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of GBX 3,047 ($40.08), for a total transaction of £287,423.51 ($378,089.33).

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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Analyst Recommendations for ASOS (LON:ASC)

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