boohoo group plc (LON:BOO – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 35.40 ($0.43) and traded as low as GBX 33.37 ($0.41). boohoo group shares last traded at GBX 35.75 ($0.44), with a volume of 6,189,331 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages have commented on BOO. JPMorgan Chase & Co. cut their price objective on boohoo group from GBX 55 ($0.68) to GBX 45 ($0.55) and set a “neutral” rating on the stock in a research report on Thursday, October 5th. BNP Paribas downgraded boohoo group to a “neutral” rating in a research report on Tuesday, September 5th. Canaccord Genuity Group downgraded boohoo group to a “sell” rating and cut their price objective for the company from GBX 47 ($0.58) to GBX 18.50 ($0.23) in a research report on Wednesday, October 4th. Finally, Shore Capital reaffirmed a “buy” rating on shares of boohoo group in a research report on Tuesday, October 3rd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 42.39 ($0.52).
boohoo group Stock Up 4.1 %
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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