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

ASOS (LON:ASC)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 600 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 93.15% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Shore Capital Group reiterated a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price objective on ASOS from GBX 240 to GBX 285 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, ASOS presently has an average rating of “Moderate Buy” and a consensus price target of GBX 364.33.

ASOS Trading Up 7.9%

ASC opened at GBX 310.64 on Wednesday. The company has a market cap of £371.68 million, a price-to-earnings ratio of -1.61, a price-to-earnings-growth ratio of -1.26 and a beta of 2.27. The firm has a 50 day simple moving average of GBX 257.01 and a 200 day simple moving average of GBX 263.73. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. ASOS has a fifty-two week low of GBX 206.50 and a fifty-two week high of GBX 375.30.

ASOS (LON:ASC) last posted its quarterly earnings data on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. The business had revenue of GBX 111.60 billion for the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%. On average, sell-side analysts anticipate that ASOS will post 12.4165252 earnings per share for the current year.

Insider Buying and Selling at ASOS

In related news, insider William Barker bought 15,779 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of GBX 258 per share, with a total value of £40,709.82. Insiders have acquired a total of 1,733,163 shares of company stock worth $407,118,076 over the last quarter. Insiders own 19.82% of the company’s stock.

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.