ASOS (LON:ASC) Stock Rating Reaffirmed by 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, MarketBeat Ratings reports. They presently have a GBX 490 ($6.44) target price on the stock. Berenberg Bank’s price target points to a potential upside of 14.01% from the stock’s previous close.

ASOS Stock Performance

LON ASC opened at GBX 429.80 ($5.65) on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.39 and a debt-to-equity ratio of 158.84. The business’s 50 day moving average is GBX 364 and its two-hundred day moving average is GBX 360.71. ASOS has a 12-month low of GBX 328.84 ($4.32) and a 12-month high of GBX 453.80 ($5.97). The stock has a market capitalization of £511.93 million, a price-to-earnings ratio of -215.98, a PEG ratio of -1.26 and a beta of 2.86.

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.