Boohoo Group (LON:BOO) Receives “Buy” Rating from Peel Hunt

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Peel Hunt reissued their buy rating on shares of Boohoo Group (LON:BOO) in a research note released on Tuesday, Digital Look reports. The brokerage currently has a GBX 350 ($4.57) price target on the stock.

Several other research firms have also commented on BOO. Barclays upped their price target on shares of Boohoo Group from GBX 240 ($3.14) to GBX 280 ($3.66) and gave the company an equal weight rating in a report on Friday, September 6th. HSBC reaffirmed a buy rating on shares of Boohoo Group in a report on Friday, September 6th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 325 ($4.25) price target on shares of Boohoo Group in a report on Tuesday, October 1st. Macquarie assumed coverage on shares of Boohoo Group in a report on Friday, June 28th. They issued an outperform rating and a GBX 315 ($4.12) price target on the stock. Finally, Liberum Capital reissued a buy rating and set a GBX 320 ($4.18) target price on shares of Boohoo Group in a research note on Wednesday, September 25th. 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 company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 295.45 ($3.86).

LON:BOO opened at GBX 279.40 ($3.65) on Tuesday. Boohoo Group has a one year low of GBX 146.40 ($1.91) and a one year high of GBX 288.60 ($3.77). The company has a debt-to-equity ratio of 8.85, a quick ratio of 1.09 and a current ratio of 1.56. The firm has a market cap of $3.26 billion and a price-to-earnings ratio of 64.98. The firm’s fifty day moving average is GBX 258.90 and its two-hundred day moving average is GBX 230.84.

In other news, insider Brian Small bought 20,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost 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.

Further Reading: Should I follow buy, hold and sell recommendations?

Analyst Recommendations for Boohoo Group (LON:BOO)

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