ASOS Plc Rating Lowered to Neutral at Goldman Sachs Group Inc. (ASC)
ASOS Plc (LON:ASC) was downgraded by equities researchers at Goldman Sachs Group Inc. to a “neutral” rating in a research report issued on Thursday, AnalystRatingsNetwork reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas downgraded shares of ASOS Plc to a “neutral” rating in a research note to investors on Thursday. They now have a GBX 7,500 ($123.11) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of ASOS Plc from GBX 7,000 ($114.90) to GBX 8,000 ($131.32) in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of ASOS Plc in a research note to investors on Wednesday, January 15th. They now have a GBX 6,200 ($101.77) price target on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 5,411.95 ($88.84).
Shares of ASOS Plc (LON:ASC) traded down 8.48% during mid-day trading on Thursday, hitting GBX 6246.3774. 964,227 shares of the company’s stock traded hands. ASOS Plc has a 1-year low of GBX 2511.00 and a 1-year high of GBX 7100.00. The stock’s 50-day moving average is GBX 6354.22 and its 200-day moving average is GBX 5446.66.
Asos Plc is that of a holding company. The principal activity of its subsidiary undertakings is that of Internet retailing.
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