boohoo group (LON:BOO) Share Price Crosses Below Two Hundred Day Moving Average of $46.21

boohoo group plc (LON:BOOGet Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 46.21 ($0.56) and traded as low as GBX 46.01 ($0.56). boohoo group shares last traded at GBX 47.37 ($0.58), with a volume of 10,829,769 shares changing hands.

Analyst Ratings Changes

BOO has been the topic of several analyst reports. Berenberg Bank cut boohoo group to a “hold” rating and lowered their target price for the company from GBX 140 ($1.71) to GBX 45 ($0.55) in a research report on Tuesday, November 29th. Barclays set a GBX 30 ($0.37) target price on boohoo group in a report on Friday, December 16th. Shore Capital restated a “hold” rating on shares of boohoo group in a report on Wednesday, September 28th. Finally, Deutsche Bank Aktiengesellschaft downgraded boohoo group to a “hold” rating and dropped their price objective for the stock from GBX 140 ($1.71) to GBX 36 ($0.44) in a report on Friday, October 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 76.57 ($0.93).

boohoo group Price Performance

The company’s 50-day moving average price is GBX 41.12 and its 200-day moving average price is GBX 46.21. The company has a debt-to-equity ratio of 91.31, a current ratio of 1.70 and a quick ratio of 0.92. The company has a market cap of ¬£600.74 million and a P/E ratio of -157.90.

About boohoo group

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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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