boohoo group (LON:BOO) Stock Price Crosses Below Two Hundred Day Moving Average of $80.59

boohoo group plc (LON:BOOGet Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 80.59 ($0.99) and traded as low as GBX 65.37 ($0.80). boohoo group shares last traded at GBX 66.52 ($0.82), with a volume of 7,985,675 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BOO. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 150 ($1.84) price objective on shares of boohoo group in a research note on Monday, May 30th. Liberum Capital cut boohoo group to a “hold” rating and reduced their price objective for the company from GBX 200 ($2.45) to GBX 70 ($0.86) in a research note on Wednesday, May 4th. Barclays cut their price target on boohoo group from GBX 65 ($0.80) to GBX 45 ($0.55) and set an “underweight” rating on the stock in a research note on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft cut their price target on boohoo group from GBX 230 ($2.82) to GBX 140 ($1.72) and set a “buy” rating on the stock in a research note on Monday, May 2nd. Finally, Shore Capital restated a “hold” rating on shares of boohoo group in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 188.89 ($2.31).

boohoo group Trading Down 4.7 %

The firm has a market capitalization of £803.68 million and a price-to-earnings ratio of -211.33. The company has a debt-to-equity ratio of 32.72, a quick ratio of 0.32 and a current ratio of 1.00. The business has a fifty day moving average price of GBX 65 and a 200 day moving average price of GBX 80.27.

boohoo group Company Profile

(Get Rating)

boohoo group plc, through its subsidiaries, operates as an online clothing 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 for 16-to-45-year age customers. It provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams brands.

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