ASOS (OTCMKTS:ASOMY) PT Lowered to GBX 4,000

ASOS (OTCMKTS:ASOMYGet Rating) had its price objective lowered by stock analysts at Societe Generale from GBX 4,800 ($62.55) to GBX 4,000 ($52.12) in a research note issued on Wednesday, The Fly reports.

ASOMY has been the subject of several other reports. Barclays decreased their price objective on shares of ASOS from GBX 2,450 ($31.93) to GBX 2,280 ($29.71) in a report on Friday, March 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of ASOS from GBX 4,000 ($52.12) to GBX 3,850 ($50.17) and set a “buy” rating for the company in a research note on Friday, January 14th. Zacks Investment Research cut shares of ASOS from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 16th. The Goldman Sachs Group cut shares of ASOS from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 18th. Finally, Morgan Stanley cut their target price on shares of ASOS from GBX 3,300 ($43.00) to GBX 2,300 ($29.97) in a research note on Friday, March 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2,800.00.

Shares of OTCMKTS ASOMY traded up $0.71 during trading hours on Wednesday, hitting $20.81. 6,376 shares of the stock were exchanged, compared to its average volume of 13,715. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.75. The company’s 50 day moving average is $23.96 and its 200 day moving average is $30.22. ASOS has a one year low of $20.01 and a one year high of $74.98.

About ASOS (Get Rating)

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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