ASOS plc -10.2% potential downside indicated by JP Morgan

ASOS plc with ticker (LON:ASC) now has a potential downside of -10.2% according to JP Morgan.



JP Morgan set a target price of 300 GBX for the company, which when compared to the ASOS plc share price of 334 GBX at opening today (03/05/2024) indicates a potential downside of -10.2%. Trading has ranged between 320 (52 week low) and 748 (52 week high) with an average of 367,312 shares exchanging hands daily. The market capitalisation at the time of writing is £419,579,406.

ASOS Plc is a United Kingdom-based global fashion retailer. The Company’s segments include the United Kingdom, Europe, the United States and the Rest of the World. It has approximately 17 own brands, including ASOS Design, ASOS Edition, ASOS 4505, ASOS Luxe, As You, Collusion, Topshop Topman, Miss Selfridge, HIIT, Dark Future, Unrvlld Spply, Crooked Tongues, Day Social and Actual. The Company sells products across the world and has Websites targeting countries that include the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark and Poland. The Company’s warehouse network includes four fulfillment centers and five returns centers, enabling them to provide next day delivery to the majority of its global customer base. Its Barnsley and Lichfield warehouses service both the United Kingdom and Rest of World territories, with Eurohub servicing Europe and Atlanta servicing North America.