ASOS (LON:ASC) Price Target Raised to GBX 400 at Deutsche Bank Aktiengesellschaft

ASOS (LON:ASC) had its target price hoisted by Deutsche Bank Aktiengesellschaft from GBX 375 to GBX 400 in a research note published on Tuesday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently commented on ASC. JPMorgan Chase & Co. boosted their price objective on ASOS from GBX 240 to GBX 285 and gave the company a “neutral” rating in a report on Tuesday. Shore Capital Group restated a “buy” rating on shares of ASOS in a report on Thursday, April 23rd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 600 price objective on shares of ASOS in a report on Monday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 364.33.

ASOS Trading Up 0.5%

LON ASC opened at GBX 223.05 on Tuesday. The company has a market cap of £266.88 million, a price-to-earnings ratio of -1.15, a P/E/G ratio of -1.26 and a beta of 2.22. ASOS has a 52 week low of GBX 206.50 and a 52 week high of GBX 375.30. The business has a 50 day moving average price of GBX 232.21 and a 200-day moving average price of GBX 258.34. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63.

ASOS (LON:ASC) last released its quarterly earnings data on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. The firm had revenue of GBX 111.60 billion for the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. As a group, equities analysts expect that ASOS will post 12.4165252 earnings per share for the current fiscal year.

Insider Transactions at ASOS

In other ASOS news, insider William Barker acquired 1,627,693 shares of ASOS stock in a transaction on Thursday, April 23rd. The stock was purchased at an average price of GBX 235 per share, for a total transaction of £3,825,078.55. 18.40% of the stock is owned by company insiders.

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.