ASOS (LON:ASC) Shares Up 14.3% – Still a Buy?

ASOS Plc (LON:ASC) shares traded up 14.3% during trading on Thursday . The stock traded as high as GBX 276 and last traded at GBX 263. 867,461 shares were traded 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 Ratings Changes

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

ASOS Trading Up 2.3%

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 company’s 50 day moving average is GBX 260.78 and its two-hundred day moving average is GBX 292.86. The firm has a market cap of £320.61 million, a P/E ratio of -1.09, a PEG ratio of -1.26 and a beta of 2.86.

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.