Morgan Stanley Analysts Give ASOS (LON:ASC) a GBX 1,400 Price Target

ASOS (LON:ASCGet Rating) received a GBX 1,400 ($16.99) price objective from analysts at Morgan Stanley in a note issued to investors on Friday, Borsen Zeitung reports. Morgan Stanley’s target price points to a potential upside of 58.39% from the company’s current price.

Other equities analysts have also issued reports about the company. Shore Capital reissued an “under review” rating on shares of ASOS in a report on Thursday. Deutsche Bank Rese… set a GBX 2,900 ($35.20) price target on ASOS in a research note on Tuesday, April 19th. UBS Group set a GBX 1,700 ($20.63) price target on ASOS in a research note on Friday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,440 ($29.62) price target on shares of ASOS in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,850 ($46.73) price target on shares of ASOS in a research note on Wednesday, April 13th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to, ASOS currently has an average rating of “Buy” and an average price target of GBX 2,693.21 ($32.69).

ASC stock traded up GBX 100.38 ($1.22) on Friday, reaching GBX 883.88 ($10.73). The company’s stock had a trading volume of 6,290,261 shares, compared to its average volume of 649,495. ASOS has a 52 week low of GBX 775 ($9.41) and a 52 week high of GBX 5,242.75 ($63.63). The company has a market capitalization of £883.35 million and a P/E ratio of 26.62. The firm has a fifty day moving average of GBX 1,403.72 and a two-hundred day moving average of GBX 1,812.61. The company has a debt-to-equity ratio of 77.77, a current ratio of 1.59 and a quick ratio of 0.52.

In related news, insider Jørgen Lindemann purchased 57,392 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were acquired at an average cost of GBX 854 ($10.37) per share, with a total value of £490,127.68 ($594,887.34).

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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Analyst Recommendations for ASOS (LON:ASC)

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