ASOS plc (ASC) Upgraded at Goldman Sachs Group Inc.
ASOS plc (LON:ASC) was upgraded by research analysts at Goldman Sachs Group Inc. to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a GBX 6,200 ($77.46) price objective on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 20.94% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. BNP Paribas reaffirmed a ” outperform” rating and issued a GBX 4,660 ($58.22) price objective on shares of ASOS plc in a research report on Monday, September 12th. Shore Capital reaffirmed a “buy” rating on shares of ASOS plc in a research report on Friday, September 2nd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 4,800 ($59.97) price objective on shares of ASOS plc in a research report on Thursday, August 11th. Peel Hunt cut their price objective on shares of ASOS plc from GBX 5,000 ($62.47) to GBX 4,000 ($49.98) and set a “buy” rating on the stock in a research report on Tuesday, October 18th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 6,500 ($81.21) price objective on shares of ASOS plc in a research report on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 5,007.89 ($62.57).
Shares of ASOS plc (LON:ASC) opened at 5307.00 on Monday. The stock has a 50 day moving average price of GBX 5,102.49 and a 200-day moving average price of GBX 4,454.59. The stock’s market cap is GBX 4.41 billion. ASOS plc has a 12-month low of GBX 2,557.00 and a 12-month high of GBX 5,500.00.
About ASOS plc
ASOS Plc is a United Kingdom-based global online fashion destination .The Company sell cutting-edge fast fashion and offers a variety offashion-related content, making ASOS.com the hub of a thriving fashion community. It sell 75,000 branded and own-brand products through localized mobile and web experiences, delivering from United Kingdom(UK) hub to almost every country in the world.
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