JPMorgan Chase & Co. Lowers ASOS (OTCMKTS:ASOMY) to Neutral

JPMorgan Chase & Co. cut shares of ASOS (OTCMKTS:ASOMYGet Rating) from an overweight rating to a neutral rating in a research note released on Tuesday morning, The Fly reports.

ASOMY has been the topic of several other reports. Morgan Stanley decreased their price target on shares of ASOS from GBX 2,300 ($28.17) to GBX 1,400 ($17.15) in a research note on Friday, June 17th. Deutsche Bank Aktiengesellschaft cut their target price on shares of ASOS from GBX 3,850 ($47.16) to GBX 2,900 ($35.52) in a report on Thursday, April 14th. Societe Generale dropped their price objective on shares of ASOS from GBX 4,800 ($58.79) to GBX 4,000 ($49.00) in a report on Wednesday, April 13th. Royal Bank of Canada lowered their price target on shares of ASOS from GBX 3,200 ($39.20) to GBX 2,000 ($24.50) in a research note on Friday, June 17th. Finally, Berenberg Bank lowered their price target on shares of ASOS from GBX 4,100 ($50.22) to GBX 2,500 ($30.62) in a research note on Friday, June 17th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $2,666.50.

OTCMKTS ASOMY opened at $10.89 on Tuesday. The company has a 50 day moving average of $16.62 and a 200-day moving average of $23.36. ASOS has a 1-year low of $9.50 and a 1-year high of $72.16.

About ASOS (Get Rating)

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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