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

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

A number of other analysts also recently commented on ASOMY. Deutsche Bank Aktiengesellschaft reduced their price objective on ASOS from GBX 3,850 ($46.73) to GBX 2,900 ($35.20) in a research report on Thursday, April 14th. JPMorgan Chase & Co. reduced their price objective on ASOS from GBX 3,300 ($40.05) to GBX 2,900 ($35.20) in a research report on Friday, March 11th. Barclays reduced their price objective on ASOS from GBX 2,125 ($25.79) to GBX 1,615 ($19.60) in a research report on Wednesday, June 1st. Royal Bank of Canada reduced their price objective on ASOS from GBX 3,200 ($38.84) to GBX 2,000 ($24.27) in a research report on Friday. Finally, Societe Generale reduced their price objective on ASOS from GBX 4,800 ($58.26) to GBX 4,000 ($48.55) in a research report on Wednesday, April 13th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2,720.50.

OTCMKTS:ASOMY traded down $4.51 during mid-day trading on Friday, hitting $9.63. 37,675 shares of the company’s stock traded hands, compared to its average volume of 11,658. The firm has a 50 day moving average of $17.56 and a two-hundred day moving average of $24.07. ASOS has a 12 month low of $9.50 and a 12 month high of $72.16.

About ASOS (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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