ASOS (ASC) Given a GBX 4,300 Price Target at Goldman Sachs Group

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ASOS (LON:ASC) has been assigned a GBX 4,300 ($56.19) price objective by equities researchers at Goldman Sachs Group in a report released on Monday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 14.33% from the stock’s previous close.

A number of other analysts also recently commented on ASC. Peel Hunt restated a “buy” rating on shares of ASOS in a research report on Monday, December 17th. Liberum Capital restated a “buy” rating on shares of ASOS in a research report on Monday, December 17th. Numis Securities dropped their price target on shares of ASOS from GBX 7,000 ($91.47) to GBX 5,000 ($65.33) and set a “buy” rating on the stock in a research report on Monday, December 17th. Barclays dropped their price target on shares of ASOS from GBX 7,500 ($98.00) to GBX 4,000 ($52.27) and set an “overweight” rating on the stock in a research report on Tuesday, December 18th. Finally, Jefferies Financial Group dropped their price target on shares of ASOS from GBX 9,000 ($117.60) to GBX 3,500 ($45.73) and set a “buy” rating on the stock in a research report on Tuesday, December 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 4,621.59 ($60.39).

ASC stock opened at GBX 3,761 ($49.14) on Monday. ASOS has a 52 week low of GBX 2,114 ($27.62) and a 52 week high of GBX 7,138 ($93.27). The stock has a market cap of $3.13 billion and a price-to-earnings ratio of 38.38.

ASOS (LON:ASC) last released its quarterly earnings results on Wednesday, April 10th. The company reported GBX 3.60 ($0.05) EPS for the quarter, topping analysts’ consensus estimates of GBX 3.10 ($0.04) by GBX 0.50 ($0.01). On average, sell-side analysts anticipate that ASOS will post 8097.00006933548 earnings per share for the current fiscal year.

About ASOS

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, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS (LON:ASC)

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