Deutsche Bank Aktiengesellschaft Trims ASOS (OTCMKTS:ASOMY) Target Price to 3,850.00

ASOS (OTCMKTS:ASOMY) had its price target reduced by analysts at Deutsche Bank Aktiengesellschaft from 4,000.00 to 3,850.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the stock.

A number of other brokerages have also recently issued reports on ASOMY. UBS Group dropped their target price on shares of ASOS from 4,000.00 to 3,040.00 and set a “neutral” rating for the company in a report on Friday, December 10th. Morgan Stanley reaffirmed an “equal weight” rating on shares of ASOS in a report on Wednesday, October 20th. Barclays reaffirmed an “equal weight” rating on shares of ASOS in a report on Friday, October 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of ASOS in a report on Thursday, October 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of ASOS in a report on Tuesday, November 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, ASOS currently has an average rating of “Hold” and an average price target of $2,742.50.

OTCMKTS ASOMY traded up $3.48 during trading hours on Friday, hitting $34.37. 8,655 shares of the stock were exchanged, compared to its average volume of 8,806. ASOS has a 12-month low of $27.37 and a 12-month high of $81.65. The stock has a 50-day moving average of $32.61 and a 200 day moving average of $43.40. The company has a current ratio of 1.56, a quick ratio of 0.75 and a debt-to-equity ratio of 0.74.

About ASOS

ASOS Plc engages in in the operation of a multi-platform offering fashion products for 20-somethings. The firm offers clothes and other fashion items available in retail. It operates through the following geographical segments: United Kingdom, United States, and European Union. The company was founded by Nicholas Jon Robertson and Quentin John Griffiths on June 2, 2000 and is headquartered in London, the United Kingdom.

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