The ASOS plc (ASC) Upgrade at Goldman Sachs Group Inc.

The ASOS plc (ASC) Upgrade at Goldman Sachs Group Inc.

ASOS plc (LON:ASC) was upgraded by equities research analysts at Goldman Sachs Group Inc. to a “buy” rating in a research note issued on Monday. The firm currently has a GBX 6,200 ($77.46) price objective on the stock. Goldman Sachs Group Inc.’s price target indicates a potential upside of 20.94% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of ASOS plc in a report on Monday, August 1st. BNP Paribas reiterated a “neutral” rating on shares of ASOS plc in a report on Tuesday, August 2nd. Liberum Capital reissued a “buy” rating and set a GBX 4,800 ($59.97) price target on shares of ASOS plc in a research report on Thursday, August 11th. HSBC reissued a “hold” rating and set a GBX 4,550 ($56.85) price target on shares of ASOS plc in a research report on Wednesday, August 10th. Finally, Berenberg Bank raised their price target on shares of ASOS plc from GBX 5,100 ($63.72) to GBX 6,500 ($81.21) and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 5,007.89 ($62.57).

ASOS plc (LON:ASC) opened at 5307.00 on Monday. The firm’s market cap is GBX 4.41 billion. The firm’s 50 day moving average is GBX 5,102.49 and its 200-day moving average is GBX 4,454.59. ASOS plc has a 12 month low of GBX 2,557.00 and a 12 month high of GBX 5,500.00.

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