Berenberg Bank Reaffirms Buy Rating for ASOS (LON:ASC)

Berenberg Bank restated their buy rating on shares of ASOS (LON:ASC) in a research note issued to investors on Thursday morning, Marketbeat.com reports. They currently have a GBX 490 ($6.44) target price on the stock.

ASOS Trading Down 1.0 %

ASC opened at GBX 429.80 ($5.65) on Thursday. The company’s 50 day moving average is GBX 364 and its 200-day moving average is GBX 360.60. The company has a market cap of £511.93 million, a P/E ratio of -215.98, a PEG ratio of -1.26 and a beta of 2.86. ASOS has a 1-year low of GBX 328.84 ($4.32) and a 1-year high of GBX 453.80 ($5.97). The company has a current ratio of 1.51, a quick ratio of 0.39 and a debt-to-equity ratio of 158.84.

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.