ASOS (LON:ASC) had its price target reduced by Goldman Sachs Group from GBX 7,900 ($103.23) to GBX 4,000 ($52.27) in a research report report published on Wednesday. They currently have a buy rating on the stock.
Several other brokerages have also recently issued reports on ASC. HSBC reiterated a buy rating on shares of ASOS in a research note on Friday, October 19th. Shore Capital reiterated a buy rating on shares of ASOS in a research note on Tuesday, October 23rd. Barclays reiterated an overweight rating on shares of ASOS in a research note on Thursday, October 18th. JPMorgan Chase & Co. reiterated an overweight rating on shares of ASOS in a research note on Thursday, October 18th. Finally, Numis Securities reiterated a buy rating and issued a GBX 8,500 ($111.07) price objective on shares of ASOS in a research note on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of GBX 5,406.26 ($70.64).
LON ASC opened at GBX 2,853 ($37.28) on Wednesday. ASOS has a 1-year low of GBX 58.29 ($0.76) and a 1-year high of GBX 7,770 ($101.53).
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, asos.com, as well as through social media platforms and magazines.
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