Goldman Sachs Group Trims ASOS (LON:ASC) Target Price to GBX 3,800

ASOS (LON:ASC) had its price objective decreased by Goldman Sachs Group from GBX 3,900 ($51.30) to GBX 3,800 ($49.99) in a research note published on Monday morning, Borsen Zeitung reports. Goldman Sachs Group currently has a buy rating on the stock.

Several other equities analysts have also commented on the company. Shore Capital reissued a sell rating on shares of ASOS in a research report on Friday, October 11th. Royal Bank of Canada raised their price target on ASOS from GBX 3,300 ($43.41) to GBX 3,900 ($51.30) and gave the company an outperform rating in a report on Monday, October 21st. Liberum Capital began coverage on ASOS in a report on Wednesday, October 16th. They set a hold rating and a GBX 2,800 ($36.83) price target for the company. HSBC raised their price target on ASOS from GBX 2,430 ($31.97) to GBX 3,560 ($46.83) and gave the company a hold rating in a report on Thursday, October 24th. Finally, Credit Suisse Group restated an outperform rating on shares of ASOS in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 3,425.41 ($45.06).

Shares of ASOS stock opened at GBX 2,904 ($38.20) on Monday. The company has a current ratio of 0.81, a quick ratio of 0.07 and a debt-to-equity ratio of 19.95. The firm has a market capitalization of $2.44 billion and a P/E ratio of 98.78. The business has a fifty day simple moving average of GBX 3,212.98 and a two-hundred day simple moving average of GBX 2,834.63. ASOS has a 12 month low of GBX 2,033 ($26.74) and a 12 month high of GBX 4,781 ($62.89).

In other news, insider Nick Beighton sold 3,140 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of GBX 3,459 ($45.50), for a total transaction of £108,612.60 ($142,873.72).

ASOS Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website,, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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