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

ASOS (LON:ASC) had its target price hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 375 to GBX 400 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 78.17% from the company’s current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of ASOS from GBX 240 to GBX 285 and gave the stock a “neutral” rating in a research note on Tuesday. Berenberg Bank restated a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research note on Monday. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 364.33.

ASOS Trading Down 3.2%

Shares of ASC traded down GBX 7.50 during trading hours on Tuesday, hitting GBX 224.50. 8,383,731 shares of the stock were exchanged, compared to its average volume of 8,805,612. The firm has a market capitalization of £268.61 million, a P/E ratio of -1.16, a price-to-earnings-growth ratio of -1.26 and a beta of 2.22. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. ASOS has a fifty-two week low of GBX 206.50 and a fifty-two week high of GBX 375.30. The business has a 50-day moving average of GBX 233.46 and a 200-day moving average of GBX 258.55.

ASOS (LON:ASC) last issued its quarterly earnings results on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. The firm had revenue of GBX 111.60 billion for the quarter. On average, research analysts expect that ASOS will post 12.4165252 EPS for the current year.

Insiders Place Their Bets

In other ASOS news, insider William Barker purchased 1,627,693 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were acquired at an average price of GBX 235 per share, with a total value 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.