ASOS plc (ASC) Receives “Neutral” Rating from Goldman Sachs Group, Inc. (The)
ASOS plc (LON:ASC)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Tuesday. They currently have a GBX 5,800 ($73.89) price objective on the stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential downside of 6.10% from the stock’s current price.
A number of other analysts have also recently commented on ASC. Deutsche Bank AG reissued a “hold” rating and issued a GBX 4,850 ($61.79) price target on shares of ASOS plc in a research report on Tuesday, February 28th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 5,400 ($68.80) price target on shares of ASOS plc in a research report on Tuesday, February 28th. Berenberg Bank reissued a “buy” rating and issued a GBX 6,500 ($82.81) price target on shares of ASOS plc in a research report on Thursday, March 9th. Barclays PLC started coverage on ASOS plc in a research report on Friday, March 10th. They issued an “overweight” rating and a GBX 6,630 ($84.47) price target on the stock. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 5,900 ($75.17) price target on shares of ASOS plc in a research report on Tuesday, April 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 5,862.94 ($74.70).
Shares of ASOS plc (ASC) traded up 0.99% during mid-day trading on Tuesday, hitting GBX 6238.00. The stock had a trading volume of 113,124 shares. ASOS plc has a 52-week low of GBX 3,312.17 and a 52-week high of GBX 6,497.00. The stock’s 50-day moving average price is GBX 6,180.69 and its 200-day moving average price is GBX 5,564.52. The firm’s market cap is GBX 5.18 billion.
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ASOS plc Company Profile
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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