Boohoo Group (LON:BOO) Earns Buy Rating from Peel Hunt
Several other analysts have also commented on the stock. Citigroup lowered shares of Boohoo Group to a neutral rating and lowered their price target for the company from GBX 235 ($3.06) to GBX 230 ($3.00) in a research report on Wednesday, July 25th. Deutsche Bank reiterated a buy rating and issued a GBX 290 ($3.78) price target on shares of Boohoo Group in a research report on Thursday, August 23rd. Liberum Capital upgraded shares of Boohoo Group to a buy rating in a research report on Wednesday, July 18th. Shore Capital reiterated a hold rating and issued a GBX 154 ($2.01) price target on shares of Boohoo Group in a research report on Wednesday, April 25th. Finally, Barclays downgraded shares of Boohoo Group to an equal weight rating and upped their price objective for the company from GBX 225 ($2.93) to GBX 240 ($3.13) in a research note on Wednesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 241.40 ($3.14).
BOO traded up GBX 0.25 ($0.00) on Thursday, hitting GBX 170 ($2.21). 3,407,634 shares of the company were exchanged, compared to its average volume of 7,270,000. Boohoo Group has a fifty-two week low of GBX 1.89 ($0.02) and a fifty-two week high of GBX 328.93 ($4.28).
boohoo.com 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.
Further Reading: Understanding Compound Annual Growth Rate (CAGR)
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