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

Berenberg Bank reaffirmed their buy rating on shares of ASOS (LON:ASC) in a research note issued to investors on Wednesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 600 target price on the stock.

Separately, Shore Capital Group restated a “buy” rating and issued a GBX 400 price objective on shares of ASOS in a report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 383.33.

ASOS Trading Up 2.1%

Shares of ASC opened at GBX 244.50 on Wednesday. ASOS has a 1-year low of GBX 206.50 and a 1-year high of GBX 375.30. The company has a current ratio of 1.02, a quick ratio of 0.39 and a debt-to-equity ratio of 342.80. The firm’s 50-day moving average price is GBX 279.04 and its 200-day moving average price is GBX 268.28. The firm has a market capitalization of £292.03 million, a price-to-earnings ratio of -0.98, a PEG ratio of -1.26 and a beta of 2.30.

Insider Transactions at ASOS

In other news, insider William Barker acquired 132,455 shares of the stock in a transaction on Tuesday, January 20th. The stock was acquired at an average price of GBX 381 per share, with a total value of £504,653.55. Insiders acquired a total of 223,531 shares of company stock valued at $76,003,437 in the last ninety days. 18.40% of the stock is currently owned by corporate insiders.

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.