ASOS plc 33.9% Potential Decrease Indicated by Morgan Stanley

Broker Ratings

ASOS plc using EPIC/TICKER code (LON:ASC) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Morgan Stanley. ASOS plc are listed in the Consumer Services sector within AIM. Morgan Stanley have set their target price at 2000 GBX on its stock. This now indicates the analyst believes there is a potential downside of -33.9% from the opening price of 3025 GBX. Over the last 30 and 90 trading days the company share price has decreased 199 points and decreased 435 points respectively. The 52 week high for the stock is 4090 GBX while the 52 week low for the share price is 2033 GBX.

ASOS plc has a 50 day moving average of 3,240.37 GBX and a 200 day moving average of 3,061.13. There are currently 43,571,425 shares in issue with the average daily volume traded being 348,117. Market capitalisation for LON:ASC is £2,505,332,352 GBP.

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