ASOS (OTCMKTS:ASOMY) Price Target Cut to GBX 1,400 by Analysts at Morgan Stanley

ASOS (OTCMKTS:ASOMYGet Rating) had its price objective lowered by research analysts at Morgan Stanley from GBX 2,300 ($27.92) to GBX 1,400 ($16.99) in a research report issued to clients and investors on Friday, The Fly reports.

A number of other equities research analysts have also issued reports on the stock. Societe Generale dropped their target price on shares of ASOS from GBX 4,800 ($58.26) to GBX 4,000 ($48.55) in a report on Wednesday, April 13th. Barclays cut their price target on shares of ASOS from GBX 2,125 ($25.79) to GBX 1,615 ($19.60) in a research note on Wednesday, June 1st. Berenberg Bank cut their price target on shares of ASOS from GBX 4,100 ($49.76) to GBX 2,500 ($30.34) in a research note on Friday. Credit Suisse Group cut their target price on shares of ASOS from GBX 3,700 ($44.91) to GBX 2,850 ($34.59) in a research note on Thursday, April 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of ASOS from GBX 3,850 ($46.73) to GBX 2,900 ($35.20) in a research note on Thursday, April 14th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2,720.50.

Shares of OTCMKTS:ASOMY traded down $4.51 during trading on Friday, hitting $9.63. 37,675 shares of the stock traded hands, compared to its average volume of 11,658. The company has a fifty day moving average price of $17.56 and a two-hundred day moving average price of $24.07. ASOS has a 52-week low of $9.50 and a 52-week high of $72.16.

ASOS Company Profile (Get Rating)

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses.

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