Boohoo Group (LON:BOO) PT Raised to GBX 370

Boohoo Group (LON:BOO) had its price target hoisted by equities researchers at Liberum Capital from GBX 340 ($4.47) to GBX 370 ($4.87) in a research note issued on Tuesday, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target points to a potential upside of 13.39% from the stock’s current price.

BOO has been the topic of several other reports. Peel Hunt reiterated a “buy” rating and set a GBX 350 ($4.60) target price on shares of Boohoo Group in a research report on Tuesday, October 15th. Peel Hunt reiterated a “buy” rating on shares of Boohoo Group in a research report on Monday. Jefferies Financial Group reiterated a “buy” rating and set a GBX 375 ($4.93) target price on shares of Boohoo Group in a research report on Tuesday, January 7th. CSFB initiated coverage on shares of Boohoo Group in a research report on Tuesday, December 17th. They set an “outperform” rating on the stock. Finally, Credit Suisse Group assumed coverage on shares of Boohoo Group in a research report on Tuesday, December 17th. They set an “outperform” rating and a GBX 300 ($3.95) target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 310.38 ($4.08).

Shares of Boohoo Group stock traded up GBX 3.30 ($0.04) during trading on Tuesday, hitting GBX 326.30 ($4.29). 2,721,886 shares of the company’s stock traded hands, compared to its average volume of 7,270,000. The company has a debt-to-equity ratio of 8.85, a current ratio of 1.56 and a quick ratio of 1.09. The firm’s fifty day moving average price is GBX 295.80 and its 200 day moving average price is GBX 260.09. Boohoo Group has a twelve month low of GBX 168.90 ($2.22) and a twelve month high of GBX 316.90 ($4.17). The company has a market cap of $3.80 billion and a PE ratio of 75.88.

In other Boohoo Group news, insider Carol Mary Kane sold 15,000,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 285 ($3.75), for a total value of £42,750,000 ($56,235,201.26).

About Boohoo Group

boohoo group plc operates as an online fashion retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company designs, sources, markets, and sells clothing, shoes, accessories, and beauty products through the Websites to a market of 16 to 30 year old consumers. It offers its products for men, and women.

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Analyst Recommendations for Boohoo Group (LON:BOO)

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