ASOS (LON:ASC) Rating Reiterated by Deutsche Bank Aktiengesellschaft

ASOS (LON:ASC)‘s stock had its “buy” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 500 ($6.22) price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 40.13% from the company’s current price.

ASC has been the subject of several other research reports. Shore Capital reiterated a “sell” rating on shares of ASOS in a research note on Wednesday. Berenberg Bank cut their price target on shares of ASOS from GBX 510 ($6.35) to GBX 490 ($6.10) and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 466.25 ($5.80).

ASOS Stock Performance

Shares of ASOS stock opened at GBX 356.80 ($4.44) on Thursday. The company has a market capitalization of £425.77 million, a PE ratio of -167.51, a P/E/G ratio of -1.26 and a beta of 2.72. The company has a 50-day simple moving average of GBX 361.60 and a two-hundred day simple moving average of GBX 379.74. ASOS has a one year low of GBX 320.33 ($3.99) and a one year high of GBX 794 ($9.88). The company has a debt-to-equity ratio of 115.59, a quick ratio of 0.39 and a current ratio of 1.73.

Insider Buying and Selling

In related news, insider William Barker acquired 13,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of GBX 365 ($4.54) per share, for a total transaction of £47,450 ($59,068.84). 50.18% of the stock is owned by company insiders.

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.