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

ASOS (LON:ASC)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report issued on Thursday, Digital Look reports. They presently have a GBX 490 ($6.44) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 11.77% from the company’s current price.

ASOS Stock Performance

Shares of LON:ASC opened at GBX 438.40 ($5.76) on Thursday. The business has a fifty day moving average of GBX 361.36 and a 200-day moving average of GBX 359.85. The company has a debt-to-equity ratio of 158.84, a quick ratio of 0.39 and a current ratio of 1.51. ASOS has a twelve month low of GBX 328.84 ($4.32) and a twelve month high of GBX 450 ($5.92). The firm has a market cap of £522.18 million, a PE ratio of -220.30, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

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.