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

Berenberg Bank reaffirmed their buy rating on shares of ASOS (LON:ASC) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have a GBX 940 ($11.76) price objective on the stock.

ASC has been the topic of a number of other reports. Shore Capital reissued a sell rating on shares of ASOS in a research report on Friday, May 26th. JPMorgan Chase & Co. restated a neutral rating on shares of ASOS in a research note on Tuesday, July 18th. Citigroup upgraded shares of ASOS to a buy rating and dropped their price target for the stock from GBX 780 ($9.76) to GBX 600 ($7.51) in a research note on Friday, May 19th. Finally, Liberum Capital upgraded shares of ASOS to a hold rating and dropped their price target for the stock from GBX 500 ($6.26) to GBX 470 ($5.88) in a research note on Friday, May 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of GBX 788.64 ($9.87).

ASOS Trading Up 0.7 %

LON ASC opened at GBX 403.60 ($5.05) on Wednesday. The company’s fifty day simple moving average is GBX 401.15 and its 200-day simple moving average is GBX 533.70. ASOS has a 52 week low of GBX 320.33 ($4.01) and a 52 week high of GBX 1,015 ($12.70). The company has a current ratio of 1.55, a quick ratio of 0.39 and a debt-to-equity ratio of 136.85. The stock has a market cap of £480.93 million, a P/E ratio of -164.98, a PEG ratio of -1.26 and a beta of 3.09.

Insider Buying and Selling at ASOS

In other ASOS news, insider Nicholas Robertson sold 250,389 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of GBX 401 ($5.02), for a total transaction of £1,004,059.89 ($1,256,488.41). 35.69% of the stock is owned by insiders.

ASOS Company Profile

ASOS Plc operates as an online fashion retailer worldwide. 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.