ASOS’s (ASC) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

ASOS (LON:ASC)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 500 ($6.22) price target on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 38.73% from the company’s current price.

A number of other research firms have also commented on ASC. Shore Capital reiterated a “sell” rating on shares of ASOS in a research note on Wednesday. Berenberg Bank dropped their price objective on ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 509.17 ($6.34).

ASOS Trading Up 3.1 %

ASOS stock opened at GBX 360.40 ($4.49) on Thursday. The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.39 and a current ratio of 1.73. The business’s 50-day simple moving average is GBX 362.08 and its 200-day simple moving average is GBX 380.08. The firm has a market capitalization of £430.07 million, a PE ratio of -169.20, a PEG ratio of -1.26 and a beta of 2.72. ASOS has a 52 week low of GBX 320.33 ($3.99) and a 52 week high of GBX 794 ($9.88).

Insider Activity at ASOS

In related news, insider William Barker acquired 474,000 shares of the stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of GBX 364 ($4.53) per share, for a total transaction of £1,725,360 ($2,147,840.16). Corporate insiders own 50.18% of the company’s stock.

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.