boohoo group plc (LON:BOO – Get Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 80.59 ($0.99) and traded as low as GBX 65.37 ($0.80). boohoo group shares last traded at GBX 66.52 ($0.82), with a volume of 7,985,675 shares traded.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of boohoo group to a “neutral” rating and cut their price target for the stock from GBX 190 ($2.33) to GBX 85 ($1.04) in a report on Tuesday, June 21st. Barclays lowered their price objective on boohoo group from GBX 65 ($0.80) to GBX 45 ($0.55) and set an “underweight” rating on the stock in a research report on Tuesday, June 28th. Morgan Stanley reiterated an “underweight” rating on shares of boohoo group in a research report on Tuesday, April 26th. Shore Capital reiterated a “hold” rating on shares of boohoo group in a research report on Tuesday, July 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 150 ($1.84) target price on shares of boohoo group in a research report on Monday, May 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, boohoo group currently has a consensus rating of “Hold” and an average target price of GBX 188.89 ($2.31).
boohoo group Stock Performance
The firm has a 50 day moving average of GBX 65.43 and a two-hundred day moving average of GBX 80.59. The stock has a market cap of £839.17 million and a PE ratio of -221.73. The company has a debt-to-equity ratio of 32.72, a current ratio of 1.00 and a quick ratio of 0.32.
boohoo group Company Profile
boohoo group plc, through its subsidiaries, operates as an online clothing 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 for 16-to-45-year age customers. It provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams brands.
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