ASOS (LON:ASC) Sets New 12-Month High – Still a Buy?

ASOS Plc (LON:ASC) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 420 and last traded at GBX 418, with a volume of 267941 shares trading hands. The stock had previously closed at GBX 420.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ASC shares. JPMorgan Chase & Co. upped their target price on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Berenberg Bank reissued a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a research note on Wednesday, July 1st. Royal Bank Of Canada upped their price objective on ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 375.86.

ASOS Trading Down 1.0%

The firm has a market capitalization of £497.74 million, a price-to-earnings ratio of -2.15, a price-to-earnings-growth ratio of -1.26 and a beta of 2.31. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63. The firm’s 50 day moving average is GBX 347.43 and its 200 day moving average is GBX 284.26.

Insider Activity

In related news, insider William Barker acquired 15,779 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of GBX 258 per share, for a total transaction of £40,709.82. Corporate insiders own 19.82% of the company’s stock.

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.