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 stock traded as high as GBX 421.50 and last traded at GBX 421.50, with a volume of 120738 shares. The stock had previously closed at GBX 417.50.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. increased their price target on shares of ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Shore Capital Group raised their price target on shares of ASOS from GBX 420 to GBX 520 and gave the company a “buy” rating in a research report on Thursday, August 27th. 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 research report on Wednesday, August 5th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 600 target price on shares of ASOS in a research note on Thursday, August 27th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 419.29.

ASOS Price Performance

The business’s 50 day moving average price is GBX 366.39 and its 200 day moving average price is GBX 290.41. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39.

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.