ASOS plc (ASC) Rating Reiterated by Goldman Sachs Group Inc

ASOS plc (LON:ASC)‘s stock had its “buy” rating reissued by investment analysts at Goldman Sachs Group Inc in a research report issued on Sunday, StockTargetPrices.com reports. They currently have a GBX 5,800 ($73.00) price target on the stock. Goldman Sachs Group Inc’s target price points to a potential upside of 3.59% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Beaufort Securities raised shares of ASOS plc to a “buy” rating in a research note on Monday, January 16th. Peel Hunt restated a “buy” rating and issued a GBX 5,800 ($73.00) target price on shares of ASOS plc in a research report on Friday, January 13th. Numis Securities Ltd restated a “buy” rating and issued a GBX 6,500 ($81.81) target price on shares of ASOS plc in a research report on Thursday, January 12th. Liberum Capital restated a “buy” rating and issued a GBX 5,900 ($74.26) target price on shares of ASOS plc in a research report on Thursday, January 12th. Finally, Shore Capital restated a “buy” rating on shares of ASOS plc in a research report on Thursday, December 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 5,740 ($72.25).

Shares of ASOS plc (LON:ASC) opened at 5599.00 on Friday. The firm’s 50-day moving average price is GBX 5,731.89 and its 200-day moving average price is GBX 5,270.42. ASOS plc has a 12-month low of GBX 3,303.00 and a 12-month high of GBX 6,147.00. The firm’s market capitalization is GBX 4.65 billion.

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In related news, insider Nicholas Robertson sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of GBX 5,175 ($65.14), for a total transaction of £15,525,000 ($19,540,591.57).

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.