ASOS (LON:ASC) Stock Keeps “Buy” Rating at Berenberg Bank

ASOS (LON:ASC)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 750 price target on the stock. Berenberg Bank‘s target price suggests a potential upside of 74.11% from the stock’s previous close.

Several other equities analysts have also recently issued reports on ASC. Shore Capital Group raised ASOS to a “buy” rating and set a GBX 520 price objective for the company in a report on Thursday, September 24th. Royal Bank Of Canada boosted their price target on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 440.71.

ASOS Price Performance

Shares of LON ASC opened at GBX 430.75 on Thursday. The company has a market cap of £515.39 million, a PE ratio of -2.23, a P/E/G ratio of -1.26 and a beta of 2.32. The stock has a fifty day moving average price of GBX 443.19 and a 200 day moving average price of GBX 326.33. 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 1-year low of GBX 206.50 and a 1-year high of GBX 517.

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.