Berenberg Bank Forecasts Strong Price Appreciation for ASOS (LON:ASC) Stock

ASOS (LON:ASC – Get Free Report) had its price target lifted by investment analysts at Berenberg Bank from GBX 600 to GBX 750 in a report released on Thursday, London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 60.43% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada raised their price target on shares of ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Shore Capital Group lifted their price target on ASOS from GBX 420 to GBX 520 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, ASOS presently has an average rating of “Moderate Buy” and an average target price of GBX 440.71.

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ASOS Stock Performance

Shares of ASC opened at GBX 467.50 on Thursday. The stock has a fifty day moving average price of GBX 394.37 and a 200-day moving average price of GBX 304.18. ASOS has a 12 month low of GBX 206.50 and a 12 month high of GBX 467.50. The firm has a market cap of £559.36 million, a PE ratio of -2.42, a P/E/G ratio of -1.26 and a beta of 2.32. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63.

ASOS Company Profile

(Get Free Report)

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.

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