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ASOS plc 72.1% Potential Upside Indicated by Citigroup

ASOS plc using EPIC/TICKER code (LON:ASC) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Citigroup. ASOS plc are listed in the Consumer Services sector within AIM. Citigroup have set a target price of 4200 GBX on its stock. This indicates the analyst now believes there is a potential upside of 72.1% from the opening price of 2440 GBX. Over the last 30 and 90 trading days the company share price has decreased 170 points and decreased 1610 points respectively. The 52 week high for the share price is currently at 6298 GBX while the year low share price is currently 2033 GBX.

ASOS plc has a 50 day moving average of 3,001.35 GBX and the 200 Day Moving Average price is recorded at 3,624.22. There are currently 259,602,052 shares in issue with the average daily volume traded being 906,056. Market capitalisation for LON:ASC is £2,045,644,787 GBP.