ASOS plc 42.8% Potential Decrease Indicated by Morgan Stanley

Broker Ratings
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ASOS plc with EPIC/TICKER (LON:ASC) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘EQUAL WEIGHT’ 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 1650 GBX on its stock. This indicates the analyst believes there is a potential downside of -42.8% from today’s opening price of 2883 GBX. Over the last 30 and 90 trading days the company share price has increased 651 points and decreased 647 points respectively. The 1 year high share price is 3773 GBX while the 52 week low for the share price is 975.2 GBX.

ASOS plc has a 50 day moving average of 2,080.29 GBX and a 200 day moving average of 2,801.05. There are currently 99,764,802 shares in issue with the average daily volume traded being 1,007,616. Market capitalisation for LON:ASC is £2,838,657,891 GBP.

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