Boohoo Group (LON:BOO) Given “Buy” Rating at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Boohoo Group (LON:BOO) in a report published on Thursday morning, LSE.Co.UK reports. The firm currently has a GBX 350 ($4.57) price objective on the stock.

A number of other research firms have also recently weighed in on BOO. Societe Generale began coverage on Boohoo Group in a report on Wednesday, July 10th. They issued a buy rating and a GBX 285 ($3.72) price target on the stock. HSBC restated a buy rating on shares of Boohoo Group in a report on Friday, September 6th. Liberum Capital restated a buy rating and issued a GBX 320 ($4.18) price target on shares of Boohoo Group in a report on Wednesday, September 25th. Shore Capital restated a buy rating on shares of Boohoo Group in a report on Wednesday, September 25th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 325 ($4.25) price target on shares of Boohoo Group in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Boohoo Group presently has an average rating of Buy and a consensus price target of GBX 295.45 ($3.86).

Shares of BOO traded up GBX 1.90 ($0.02) on Thursday, reaching GBX 270.90 ($3.54). The stock had a trading volume of 2,765,325 shares, compared to its average volume of 7,270,000. The firm has a market capitalization of $3.16 billion and a PE ratio of 63.00. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 8.85. The firm has a 50-day moving average of GBX 249.24 and a 200 day moving average of GBX 225.45. Boohoo Group has a twelve month low of GBX 146.40 ($1.91) and a twelve month high of GBX 288.60 ($3.77).

In related news, insider Brian Small bought 20,000 shares of Boohoo Group stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of GBX 231 ($3.02) per share, with a total value of £46,200 ($60,368.48).

Boohoo Group Company Profile

boohoo group plc 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 through the Websites to a market of 16 to 30 year old consumers. It offers its products for men, and women.

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Analyst Recommendations for Boohoo Group (LON:BOO)

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