Boohoo Group (LON:BOO) Lifted to “Overweight” at Barclays

Barclays upgraded shares of Boohoo Group (LON:BOO) to an overweight rating in a report issued on Tuesday morning, Digital Look reports. Barclays currently has GBX 380 ($5.00) target price on the stock, up from their previous target price of GBX 310 ($4.08).

A number of other equities analysts have also issued reports on the company. CSFB assumed coverage on Boohoo Group in a report on Tuesday, December 17th. They set an outperform rating on the stock. Peel Hunt reaffirmed a buy rating on shares of Boohoo Group in a report on Wednesday, February 5th. Liberum Capital lifted their price objective on Boohoo Group from GBX 340 ($4.47) to GBX 370 ($4.87) and gave the company a buy rating in a report on Tuesday, January 14th. Jefferies Financial Group lifted their price objective on Boohoo Group from GBX 375 ($4.93) to GBX 395 ($5.20) and gave the company a buy rating in a report on Tuesday, January 14th. Finally, Shore Capital reaffirmed a buy rating on shares of Boohoo Group in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Boohoo Group currently has a consensus rating of Buy and a consensus price target of GBX 325 ($4.28).

LON BOO opened at GBX 321.10 ($4.22) on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 8.85. Boohoo Group has a 52-week low of GBX 168.90 ($2.22) and a 52-week high of GBX 339.51 ($4.47). The business’s 50-day moving average price is GBX 312.54 and its 200 day moving average price is GBX 275.98. The firm has a market cap of $3.74 billion and a P/E ratio of 74.67.

In other Boohoo Group news, insider Carol Mary Kane sold 15,000,000 shares of Boohoo Group stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 285 ($3.75), for a total value of £42,750,000 ($56,235,201.26).

About Boohoo Group

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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