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ASOS plc 20.5% Potential Upside Indicated by HSBC

ASOS plc using EPIC/TICKER code (LON:ASC) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. ASOS plc are listed in the Consumer Services sector within AIM. HSBC have set their target price at 3615 GBX on its stock. This would imply the analyst believes there is now a potential upside of 20.5% from today’s opening price of 3000 GBX. Over the last 30 and 90 trading days the company share price has decreased 174 points and increased 414 points respectively. The 52 week high for the stock is 4601 GBX while the year low share price is currently 2033 GBX.

ASOS plc has a 50 day moving average of 3,156.38 GBX and the 200 Day Moving Average price is recorded at 3,062.04. There are currently 83,941,623 shares in issue with the average daily volume traded being 369,676. Market capitalisation for LON:ASC is £2,507,336,279 GBP.

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