ASOS's (ASC) "Buy" Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of ASOS (LON:ASC - Free Report) in a research report report published on Thursday, Marketbeat reports. They currently have a GBX 600 ($8.06) price target on the stock.

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

ASOS Price Performance

ASC traded up GBX 11.71 ($0.16) during midday trading on Thursday, reaching GBX 311.21 ($4.18). 230,147 shares of the company's stock were exchanged, compared to its average volume of 514,169. ASOS has a 1-year low of GBX 223.20 ($3.00) and a 1-year high of GBX 454.20 ($6.10). The stock has a market capitalization of £373.05 million, a PE ratio of -1.10, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. The business's 50-day moving average price is GBX 291.81 and its 200 day moving average price is GBX 356.28.

ASOS (LON:ASC - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.24)) earnings per share (EPS) for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. As a group, equities analysts anticipate 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.