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

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

Analysts Set New Price Targets

ASC has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on 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. increased their price target on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 375.86.

ASOS Stock Down 1.0%

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 50 day simple moving average of GBX 347.43 and a two-hundred day simple moving average of GBX 284.26. The stock has a market cap of £497.74 million, a P/E ratio of -2.15, a P/E/G ratio of -1.26 and a beta of 2.31.

Insider Activity at ASOS

In related news, insider William Barker acquired 15,779 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of GBX 258 per share, for a total transaction of £40,709.82. Company insiders own 19.82% of the company’s stock.

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.