Published On: Tue, Sep 6th, 2016

Goldman Sachs Group Inc. Reaffirms  Neutral Rating for ASOS plc (ASC)

ASOS plc (LON:ASC)‘s stock had its ” neutral” rating reaffirmed by analysts at Goldman Sachs Group in a research note issued to investors on Tuesday. They presently have a GBX 5,100 ($67.93) price objective on the stock. Goldman Sachs Group‘s price target points to a potential upside of 8.97% from the company’s current price.
ASOS plc (LON:ASC) opened at 4747.00 on Tuesday. ASOS plc has a 12 month low of GBX 2,443.00 and a 12 month high of GBX 4,885.00. The stock’s market cap is GBX 3.94 billion. The company’s 50 day moving average price is GBX 4,603.74 and its 200 day moving average price is GBX 3,790.19.

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Several other equities research analysts have also recently weighed in on the company. Societe Generale upgraded ASOS plc to a ” buy” rating in a report on Monday, July 18th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 5,000 ($66.60) target price on shares of ASOS plc in a report on Monday, July 18th. Barclays PLC restated an “overweight” rating and set a GBX 4,800 ($63.93) target price on shares of ASOS plc in a report on Monday, July 11th. Deutsche Bank AG restated a “buy” rating on shares of ASOS plc in a report on Wednesday, May 11th. Finally, Morgan Stanley restated an “underweight” rating and set a GBX 2,200 ($29.30) target price on shares of ASOS plc in a report on Monday, July 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 4,442.22 ($59.17).
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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