ASOS (LON:ASC) Trading 14.3% Higher – Still a Buy?

ASOS Plc (LON:ASC)’s share price shot up 14.3% on Friday . The stock traded as high as GBX 276 and last traded at GBX 263. 867,461 shares changed hands during mid-day trading, an increase of 147% from the average session volume of 350,990 shares. The stock had previously closed at GBX 230.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Peel Hunt restated an “add” rating and issued a GBX 335 target price on shares of ASOS in a research report on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 600 price objective on shares of ASOS in a research report on Thursday. Finally, Shore Capital reaffirmed a “buy” rating and issued a GBX 400 target price on shares of ASOS in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 445.

ASOS Price Performance

The company has a market capitalization of £302.52 million, a PE ratio of -1.03, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. The stock’s 50 day simple moving average is GBX 261.07 and its 200-day simple moving average is GBX 293.19.

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.