ASOS plc (ASC) Earns Buy Rating from Goldman Sachs Group Inc
ASOS plc (LON:ASC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc in a research note issued to investors on Monday. They presently have a GBX 5,800 ($71.63) price target on the stock. Goldman Sachs Group Inc’s price target would indicate a potential downside of 1.46% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Deutsche Bank AG reiterated a “hold” rating on shares of ASOS plc in a research note on Tuesday, January 3rd. HSBC Holdings plc reiterated a “hold” rating and issued a GBX 5,290 ($65.33) price target on shares of ASOS plc in a research note on Tuesday, January 3rd. Berenberg Bank lifted their price target on shares of ASOS plc from GBX 5,100 ($62.99) to GBX 6,500 ($80.28) and gave the stock a “buy” rating in a research note on Thursday, November 24th. Peel Hunt reiterated a “buy” rating and issued a GBX 5,800 ($71.63) price target on shares of ASOS plc in a research note on Friday, January 13th. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 6,300 ($77.81) price target on shares of ASOS plc in a research note on Friday, December 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 5,372.22 ($66.35).
ASOS plc (LON:ASC) traded down 0.64% during mid-day trading on Monday, reaching GBX 5886.00. 528,011 shares of the company traded hands. The stock’s 50 day moving average price is GBX 5,416.31 and its 200 day moving average price is GBX 5,099.45. ASOS plc has a 52 week low of GBX 3,006.00 and a 52 week high of GBX 5,924.69. The firm’s market capitalization is GBX 4.89 billion.
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In related news, insider Nicholas Robertson sold 300,000 shares of the company’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of GBX 5,175 ($63.91), for a total value of £15,525,000 ($19,173,768.06).
About ASOS plc
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.
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