ASOS (LON:ASC) Hits New 12-Month High – Time to Buy?

Shares of ASOS Plc (LON:ASC) reached a new 52-week high on Monday . The company traded as high as GBX 436.50 and last traded at GBX 427.50, with a volume of 115960 shares trading hands. The stock had previously closed at GBX 421.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ASC. Royal Bank Of Canada lifted their price objective on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research note on Thursday, August 27th. JPMorgan Chase & Co. raised their target price on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Finally, Shore Capital Group upped their price target on ASOS from GBX 420 to GBX 520 and gave the company a “buy” rating in a research note on Thursday, August 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, ASOS currently has an average rating of “Moderate Buy” and an average price target of GBX 419.29.

ASOS Price Performance

The company has a 50-day moving average of GBX 393 and a 200-day moving average of GBX 303.14. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95. The firm has a market capitalization of £515.81 million, a price-to-earnings ratio of -2.23, a price-to-earnings-growth ratio of -1.26 and a beta of 2.32.

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.