Published On: Wed, Oct 19th, 2016

ASOS PLC (LON:ASC) Receives Overweight Rating From JP Morgan Analysts


ASOS PLC (LON:ASC) had its stock rating reiterated as ‘Overweight’ in a report released by analysts at JP Morgan.

JP Morgan today set a target price of 5400 on the company’s stock. According to the analyst this now indicates there is a potential increase of 3.01% from ASOS PLC’s current price of 5242.

LON:ASC


Over the last twelve months ASOS PLC’s stock price has increased by 79.03% from 2928 to 5242.

There are currently 82,967,000 shares in issue with a current share value of 5242 giving ASOS PLC a market capitalisation of 4.35B GBp .

ASOS PLC (LON:ASC) has a 50 day moving average of 4819.47 and a 200 day moving average of 4177.6. The 52 week high for the share price is 5474 while the 52 week low for the stock is 2557.

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. It offers approximately 75,000 separate clothing ranges, spanning women’s wear and menswear, footwear and accessories, alongside its jewelry and beauty collections. The Company’s collection of specialist own-label lines includes ASOS Curve, ASOS Maternity, ASOS Tall and ASOS Petite. The Company caters a range of customer segments and sizes, across all categories and price points. It also operates returns centers in Australia and Poland. It operates country-specific Websites in Australia, France, Germany, Italy, Spain, Russia and the Unites States.