ASOS (OTCMKTS:ASOMY) Price Target Cut to GBX 1,260 by Analysts at JPMorgan Chase & Co.

ASOS (OTCMKTS:ASOMYGet Rating) had its target price cut by JPMorgan Chase & Co. from GBX 1,500 ($18.12) to GBX 1,260 ($15.22) in a research report released on Wednesday, The Fly reports.

Other equities analysts also recently issued reports about the company. UBS Group dropped their target price on ASOS from GBX 1,700 ($20.54) to GBX 1,250 ($15.10) in a research report on Friday, July 29th. Exane BNP Paribas raised ASOS from an underperform rating to a neutral rating in a research report on Tuesday, July 5th. Berenberg Bank lowered their price target on ASOS from GBX 4,100 ($49.54) to GBX 2,500 ($30.21) in a report on Friday, June 17th. Barclays lowered their price target on ASOS from GBX 920 ($11.12) to GBX 730 ($8.82) in a report on Wednesday. Finally, Jefferies Financial Group cut ASOS from a buy rating to a hold rating in a research note on Wednesday, September 7th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $2,098.89.

ASOS Stock Down 1.0 %

Shares of ASOMY opened at $7.76 on Wednesday. ASOS has a 12-month low of $7.56 and a 12-month high of $46.01. The company’s 50-day moving average price is $10.62 and its 200 day moving average price is $15.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.57 and a current ratio of 1.59.

ASOS Company Profile

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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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