ASOS (LON:ASC) Trading 14.3% Higher – Should You Buy?

ASOS Plc (LON:ASC) shot up 14.3% 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.

Wall Street Analysts Forecast Growth

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

ASOS Trading Up 2.3%

The business has a 50 day moving average of GBX 260.78 and a two-hundred day moving average of 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. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55.

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.