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

Berenberg Bank reaffirmed their buy rating on shares of ASOS (LON:ASC - Free Report) in a research report report published on Thursday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 600 ($7.99) price objective on the stock.

Separately, Shore Capital reaffirmed a "buy" rating on shares of ASOS in a report on Thursday, April 24th.

ASOS Price Performance

ASOS stock traded down GBX 10.41 ($0.14) during trading hours on Thursday, hitting GBX 295.59 ($3.94). 298,919 shares of the stock were exchanged, compared to its average volume of 511,575. The stock has a market capitalization of £354.32 million, a P/E ratio of -1.05, a P/E/G ratio of -1.26 and a beta of 2.86. The business's 50-day moving average is GBX 289.63 and its two-hundred day moving average is GBX 355.55. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. ASOS has a 12 month low of GBX 223.20 ($2.97) and a 12 month high of GBX 454.20 ($6.05).

ASOS (LON:ASC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.22)) EPS for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. Equities research analysts expect that ASOS will post 12.4165252 EPS for the current fiscal year.

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.