ASOS (LON:ASC) Sets New 52-Week High – Time to Buy?

ASOS Plc (LON:ASC)’s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 421.50 and last traded at GBX 421.50, with a volume of 120738 shares changing hands. The stock had previously closed at GBX 417.50.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada raised their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 600 target price on shares of ASOS in a report on Thursday, August 27th. Finally, Shore Capital Group increased their price target on shares of ASOS from GBX 420 to GBX 520 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, ASOS presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 419.29.

ASOS Stock Up 1.0%

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 company has a fifty day simple moving average of GBX 366.39 and a 200-day simple moving average of GBX 290.41. The firm has a market cap of £504.32 million, a P/E ratio of -2.18, a price-to-earnings-growth ratio of -1.26 and a beta of 2.31.

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.