Deutsche Bank Aktiengesellschaft Issues Positive Forecast for ASOS (LON:ASC) Stock Price

ASOS (LON:ASC) had its target price increased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 375 to GBX 400 in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 78.17% from the company’s previous close.

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

ASOS Stock Down 3.2%

Shares of LON ASC traded down GBX 7.50 during midday trading on Tuesday, reaching GBX 224.50. The company’s stock had a trading volume of 8,383,731 shares, compared to its average volume of 8,805,612. The stock has a 50 day simple moving average of GBX 233.46 and a 200-day simple moving average of GBX 258.55. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. The stock has a market capitalization of £268.61 million, a price-to-earnings ratio of -1.16, a PEG ratio of -1.26 and a beta of 2.22. ASOS has a fifty-two week low of GBX 206.50 and a fifty-two week high of GBX 375.30.

ASOS (LON:ASC) last released its earnings results on Thursday, April 23rd. The company reported GBX (109.90) earnings per share for the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. The business had revenue of GBX 111.60 billion during the quarter. Equities research analysts predict that ASOS will post 12.4165252 earnings per share for the current year.

Insider Activity at ASOS

In other news, insider William Barker bought 1,627,693 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was purchased at an average cost of GBX 235 per share, for a total transaction of £3,825,078.55. Insiders own 18.40% of the company’s stock.

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.