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

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

A number of other analysts have also commented on ASC. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,440 ($29.62) target price on shares of ASOS in a report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of ASOS from GBX 3,300 ($40.05) to GBX 2,900 ($35.20) and set an “overweight” rating on the stock in a research report on Thursday, March 10th. Royal Bank of Canada set a GBX 2,000 ($24.27) price target on shares of ASOS in a research report on Friday. Shore Capital reissued an “under review” rating on shares of ASOS in a research report on Thursday. Finally, Liberum Capital reduced their price target on shares of ASOS from GBX 2,300 ($27.92) to GBX 1,700 ($20.63) and set a “hold” rating on the stock in a research report on Tuesday, April 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, ASOS presently has an average rating of “Buy” and a consensus target price of GBX 2,693.21 ($32.69).

ASC traded up GBX 100.38 ($1.22) during trading on Friday, reaching GBX 883.88 ($10.73). 6,290,261 shares of the company’s stock were exchanged, compared to its average volume of 649,495. The company’s fifty day moving average price is GBX 1,403.72 and its 200-day moving average price is GBX 1,812.61. The company has a debt-to-equity ratio of 77.77, a quick ratio of 0.52 and a current ratio of 1.59. ASOS has a fifty-two week low of GBX 775 ($9.41) and a fifty-two week high of GBX 5,242.75 ($63.63). The firm has a market capitalization of £883.35 million and a PE ratio of 26.62.

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

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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Analyst Recommendations for ASOS (LON:ASC)

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