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ASOS (LON:ASC) Downgraded to Underperform at Jefferies Financial Group – Sundance Herald

Jefferies Financial Group’s price target points to a potential downside of 12.89% from the stock’s previous close. Finally, Royal Bank of Canada reduced their price objective on ASOS from GBX 4,400 ($57.49) to GBX 3,300 ($43.12) and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a 50-day moving average price of GBX 2,434.92 and a two-hundred day moving average price of GBX 3,074.88. ASOS has a 12-month low of GBX 2,033 ($26.56) and a 12-month high of GBX 6,256 ($81.75).

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