Boohoo Group (LON:BOO) Stock Price Passes Below 50-Day Moving Average of $224.16

Boohoo Group PLC (LON:BOO) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $224.16 and traded as low as $228.10. Boohoo Group shares last traded at $229.90, with a volume of 1,795,266 shares changing hands.

BOO has been the subject of several research analyst reports. Liberum Capital reaffirmed a “buy” rating on shares of Boohoo Group in a research note on Tuesday, August 6th. HSBC lifted their price objective on shares of Boohoo Group from GBX 280 ($3.66) to GBX 290 ($3.79) and gave the company a “buy” rating in a report on Friday, June 14th. Societe Generale began coverage on shares of Boohoo Group in a report on Wednesday, July 10th. They set a “buy” rating and a GBX 285 ($3.72) price objective for the company. Numis Securities reiterated a “buy” rating on shares of Boohoo Group in a report on Thursday, June 13th. Finally, Citigroup lifted their price objective on shares of Boohoo Group from GBX 200 ($2.61) to GBX 250 ($3.27) and gave the company a “neutral” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 269.55 ($3.52).

The firm has a market capitalization of $2.67 billion and a PE ratio of 71.84. The firm’s fifty day moving average is GBX 224.16 and its two-hundred day moving average is GBX 211.34. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.83 and a quick ratio of 1.35.

In other news, insider Brian Small purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of GBX 231 ($3.02) per share, for a total transaction of £46,200 ($60,368.48).

Boohoo Group Company Profile (LON:BOO)

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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