boohoo group plc (LON:BOO) Given Consensus Recommendation of “Buy” by Brokerages

Shares of boohoo group plc (LON:BOO) have received an average recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 447.78 ($5.85).

BOO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a GBX 400 ($5.23) target price on shares of boohoo group in a research note on Tuesday, August 31st. Royal Bank of Canada raised boohoo group to an “outperform” rating and lifted their price objective for the stock from GBX 380 ($4.96) to GBX 410 ($5.36) in a report on Monday, July 12th. Shore Capital restated an “under review” rating on shares of boohoo group in a research note on Tuesday, June 15th. Liberum Capital upgraded shares of boohoo group to a “buy” rating and set a GBX 380 ($4.96) target price on the stock in a research report on Friday, June 18th. Finally, Numis Securities reaffirmed an “add” rating and set a GBX 420 ($5.49) price objective on shares of boohoo group in a report on Tuesday, June 15th.

BOO traded down GBX 0.30 ($0.00) during midday trading on Thursday, reaching GBX 268.50 ($3.51). The company’s stock had a trading volume of 2,128,836 shares, compared to its average volume of 5,094,479. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 3.87. The company has a fifty day simple moving average of GBX 271.37 and a 200 day simple moving average of GBX 307.65. The stock has a market cap of £3.39 billion and a P/E ratio of 37.29. boohoo group has a twelve month low of GBX 215 ($2.81) and a twelve month high of GBX 402.30 ($5.26).

boohoo group Company Profile

boohoo group plc, through its subsidiaries, 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 for 16 to 40 year old 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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Analyst Recommendations for boohoo group (LON:BOO)

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