ASOS (OTCMKTS:ASOMY) Given New GBX 730 Price Target at Morgan Stanley

ASOS (OTCMKTS:ASOMYGet Rating) had its target price raised by Morgan Stanley from GBX 660 ($8.17) to GBX 730 ($9.04) in a research report released on Tuesday morning, The Fly reports.

A number of other analysts have also recently commented on the company. Credit Suisse Group cut ASOS from an outperform rating to a neutral rating in a research note on Wednesday, November 30th. Societe Generale upped their price target on ASOS from GBX 1,072 ($13.27) to GBX 1,180 ($14.61) in a research note on Friday, January 13th. Canaccord Genuity Group assumed coverage on ASOS in a research note on Monday, October 17th. They issued a sell rating for the company. Deutsche Bank Aktiengesellschaft lowered their price target on ASOS from GBX 900 ($11.14) to GBX 800 ($9.90) in a research note on Thursday, October 20th. Finally, JPMorgan Chase & Co. decreased their price objective on ASOS from GBX 1,170 ($14.49) to GBX 1,000 ($12.38) in a research report on Friday, January 13th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $996.11.

ASOS Price Performance

Shares of OTCMKTS:ASOMY opened at $9.51 on Tuesday. ASOS has a 1-year low of $5.50 and a 1-year high of $31.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.49 and a quick ratio of 0.46. The business has a 50-day moving average price of $7.43 and a two-hundred day moving average price of $8.31.

About ASOS

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ASOS Plc engages in in the operation of a multi-platform offering fashion products for 20-somethings. The firm offers clothes and other fashion items available in retail. It operates through the following geographical segments: United Kingdom, United States, and European Union. The company was founded by Nicholas Jon Robertson and Quentin John Griffiths on June 2, 2000 and is headquartered in London, the United Kingdom.

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