ASOS (LON:ASC) Reaches New 1-Year High – Here’s What Happened

ASOS Plc (LON:ASC)’s share price hit a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 510 and last traded at GBX 501.17, with a volume of 173675 shares traded. The stock had previously closed at GBX 508.

Analyst Ratings Changes

ASC has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on shares of ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Berenberg Bank raised their price target on shares of ASOS from GBX 600 to GBX 750 and gave the company a “buy” rating in a research report on Thursday, September 24th. Finally, Shore Capital Group upgraded shares of ASOS to a “buy” rating and set a GBX 520 price objective for the company in a report on Thursday, September 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 440.71.

ASOS Price Performance

The firm has a market capitalization of £583.29 million, a P/E ratio of -2.52, a P/E/G ratio of -1.26 and a beta of 2.32. The company has a 50 day simple moving average of GBX 405.22 and a two-hundred day simple moving average of GBX 310.64. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63.

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.