boohoo group (LON:BOO) Shares Cross Below 200-Day Moving Average of $307.65

boohoo group plc (LON:BOO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 307.65 ($4.02) and traded as low as GBX 268.50 ($3.51). boohoo group shares last traded at GBX 268.50 ($3.51), with a volume of 2,128,836 shares trading hands.

BOO has been the subject of a number of recent analyst reports. Numis Securities reaffirmed an “add” rating and set a GBX 420 ($5.49) price target on shares of boohoo group in a report on Tuesday, June 15th. Royal Bank of Canada raised shares of boohoo group to an “outperform” rating and boosted their target price for the company from GBX 380 ($4.96) to GBX 410 ($5.36) in a research note on Monday, July 12th. Deutsche Bank Aktiengesellschaft set a GBX 400 ($5.23) target price on boohoo group in a research report on Tuesday, August 31st. Shore Capital reaffirmed an “under review” rating on shares of boohoo group in a research report on Tuesday, June 15th. Finally, Liberum Capital upgraded boohoo group to a “buy” rating and set a GBX 380 ($4.96) price objective on the stock in a report on Friday, June 18th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, boohoo group presently has an average rating of “Buy” and an average price target of GBX 447.78 ($5.85).

The company has a fifty day simple moving average of GBX 270.96 and a 200 day simple moving average of GBX 307.25. The stock has a market capitalization of £3.28 billion and a price-to-earnings ratio of 36.07. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.09 and a current ratio of 1.69.

boohoo group Company Profile (LON:BOO)

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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