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

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of ASOS (LON:ASC) in a report published on Thursday, MarketBeat reports. The brokerage currently has a GBX 500 ($6.22) price objective on the stock.

Other analysts also recently issued reports about the company. Berenberg Bank cut their target price on ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a buy rating on the stock in a research note on Wednesday. Shore Capital reiterated a sell rating on shares of ASOS in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, ASOS currently has a consensus rating of Hold and an average price target of GBX 466.25 ($5.80).

ASOS Stock Down 2.1 %

ASC stock opened at GBX 350.80 ($4.37) on Thursday. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.39 and a current ratio of 1.73. The company has a market capitalization of £418.61 million, a price-to-earnings ratio of -168.26, a price-to-earnings-growth ratio of -1.26 and a beta of 2.72. The business’s 50 day moving average price is GBX 361.91 and its two-hundred day moving average price is GBX 379.92. ASOS has a fifty-two week low of GBX 320.33 ($3.99) and a fifty-two week high of GBX 794 ($9.88).

Insider Buying and Selling at ASOS

In other ASOS news, insider William Barker purchased 13,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of GBX 365 ($4.54) per share, with a total value of £47,450 ($59,068.84). Insiders own 50.18% of the company’s stock.

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.