ASOS (ASC) Downgraded by Morgan Stanley
Morgan Stanley cut shares of ASOS (LON:ASC) to an underweight rating in a report issued on Friday. They currently have GBX 5,000 ($67.29) target price on the stock, down from their previous target price of GBX 5,170 ($69.58).
Several other research analysts also recently weighed in on the company. Shore Capital restated a buy rating on shares of ASOS in a research note on Thursday, November 2nd. Deutsche Bank restated a hold rating and set a GBX 6,000 ($80.75) price target on shares of ASOS in a report on Friday, September 8th. Barclays restated an overweight rating on shares of ASOS in a report on Wednesday, October 18th. Peel Hunt restated a buy rating and set a GBX 7,000 ($94.21) price target on shares of ASOS in a report on Friday, September 15th. Finally, Credit Suisse Group increased their target price on ASOS from GBX 5,600 ($75.37) to GBX 5,725 ($77.05) and gave the stock a neutral rating in a research note on Monday, November 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 6,154.47 ($82.83).
Shares of ASOS (LON ASC) opened at GBX 6,059 ($81.55) on Friday. ASOS has a 52 week low of GBX 58.29 ($0.78) and a 52 week high of GBX 6,497 ($87.44).
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Asos PLC is a global fashion destination for a range of things. The Company sells and offers a range of fashion-related content on ASOS.com. The Company’s segments include UK, US, EU and RoW. It sells over 85,000 branded and own-label products through localized mobile and Web experiences, delivering from its fulfilment centers in the United Kingdom, the United States, Europe and across the world.
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