Published On: Wed, Oct 19th, 2016

Deutsche Bank Indicates Potential -9.39% Decrease In Shares Of ASOS Plc


On Wednesday Deutsche Bank reiterated its broker consensus on shares of ASOS Plc (LON:ASC) giving the company a ‘Hold’ rating.

Deutsche Bank gave shares of ASOS Plc a price target of 4750 indicating a potential decrease of -9.39% from ASOS Plc’s current price of 5242.

LON:ASC


In the prior 12 months ASOS Plc’s stock price has increased by 79.03% from 2928 to 5242.

ASOS Plc has 82,967,000 shares in issue which have a share price of 5242 giving ASOS Plc a market capitalisation of 4.35B GBp .

The 52 week high of ASOS Plc’s shares is 5474 whilst the 52 week low for the company’s shares is 2557. The 50 day moving average of LON:ASC is 4819.47 and the 200 day moving average is 4177.6.

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.