ASOS’s (ASC) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of ASOS (LON:ASC) in a research report report published on Wednesday morning, Marketbeat Ratings reports. They currently have a GBX 600 target price on the stock.

Separately, Shore Capital Group reissued a “buy” rating and set a GBX 400 price objective on shares of ASOS in a report on Thursday, December 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 383.33.

ASOS Trading Down 3.2%

Shares of ASC stock opened at GBX 225 on Wednesday. The company has a 50 day moving average of GBX 276.18 and a 200-day moving average of GBX 267.57. The company has a quick ratio of 0.39, a current ratio of 1.02 and a debt-to-equity ratio of 342.80. ASOS has a 12-month low of GBX 206.50 and a 12-month high of GBX 375.30. The firm has a market cap of £268.74 million, a P/E ratio of -0.90, a PEG ratio of -1.26 and a beta of 2.30.

Insider Activity

In other ASOS news, insider William Barker acquired 132,455 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was bought at an average cost of GBX 381 per share, with a total value of £504,653.55. Insiders have purchased a total of 223,531 shares of company stock valued at $76,003,437 over the last 90 days. Insiders own 18.40% 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.