ASOS (LON:ASC) Stock Rating Reaffirmed by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of ASOS (LON:ASC) in a research note released on Thursday, Marketbeat Ratings reports. The firm currently has a GBX 500 ($6.22) price objective on the stock.

ASC has been the topic of a number of other reports. Berenberg Bank cut their target price on shares of ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a buy rating on the stock in a research report on Wednesday, April 17th. Shore Capital restated a sell rating on shares of ASOS in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of GBX 466.25 ($5.80).

ASOS Stock Performance

ASOS stock opened at GBX 356.80 ($4.44) on Thursday. The company has a current ratio of 1.73, a quick ratio of 0.39 and a debt-to-equity ratio of 115.59. ASOS has a 1 year low of GBX 320.33 ($3.99) and a 1 year high of GBX 794 ($9.88). The company has a market cap of £425.77 million, a PE ratio of -167.51, a PEG ratio of -1.26 and a beta of 2.72. The company’s 50-day moving average is GBX 361.60 and its two-hundred day moving average is GBX 379.79.

Insider Activity

In related news, insider William Barker purchased 13,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of GBX 365 ($4.54) per share, with a total value of £47,450 ($59,068.84). 50.18% of the stock is currently owned by company insiders.

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.