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

ASOS Plc (LON:ASC – Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as GBX 435 and last traded at GBX 420, with a volume of 182296 shares traded. The stock had previously closed at GBX 428.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ASC shares. JPMorgan Chase & Co. boosted their price objective 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. Shore Capital Group raised their price target on ASOS from GBX 420 to GBX 520 and gave the company a “buy” rating in a report on Thursday, August 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a report on Thursday, August 27th. Finally, Royal Bank Of Canada increased their price objective on shares of ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 419.29.

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ASOS Trading Down 2.1%

The business has a fifty day moving average price of GBX 376.40 and a 200-day moving average price of GBX 294.35. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63. The company has a market cap of £491.76 million, a P/E ratio of -2.13, a PEG ratio of -1.26 and a beta of 2.32.

About ASOS

(Get Free Report)

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.

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