ASOS (LON:ASC) Trading Up 14.3% – Time to Buy?

ASOS Plc (LON:ASC) shares traded up 14.3% during mid-day trading on Thursday . The company traded as high as GBX 276 and last traded at GBX 263. 867,461 shares were traded during mid-day trading, an increase of 147% from the average session volume of 350,990 shares. The stock had previously closed at GBX 230.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASC. Berenberg Bank reiterated a “buy” rating and set a GBX 600 target price on shares of ASOS in a research note on Thursday. Shore Capital reaffirmed a “buy” rating and set a GBX 400 price target on shares of ASOS in a report on Wednesday, October 1st. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 335 price objective on shares of ASOS in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ASOS currently has an average rating of “Buy” and a consensus price target of GBX 445.

ASOS Stock Up 2.3%

The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The company has a market cap of £320.61 million, a price-to-earnings ratio of -1.09, a P/E/G ratio of -1.26 and a beta of 2.86. The stock has a fifty day moving average price of GBX 260.78 and a two-hundred day moving average price of GBX 292.86.

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.