Societe Generale Initiates Coverage on Boohoo Group (LON:BOO)

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Societe Generale started coverage on shares of Boohoo Group (LON:BOO) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage issued a buy rating and a GBX 285 ($3.72) target price on the stock.

BOO has been the subject of several other research reports. HSBC set a $122.00 price objective on shares of Tiffany & Co. and gave the company a buy rating in a research report on Friday, June 14th. Jefferies Financial Group assumed coverage on shares of in a research report on Wednesday, June 12th. They set a hold rating and a GBX 250 ($3.27) price objective for the company. Peel Hunt restated a buy rating on shares of Helical in a research report on Monday, June 10th. Shore Capital restated a house stock rating on shares of in a research report on Wednesday, June 12th. Finally, Liberum Capital upgraded shares of to a hold rating and set a GBX 840 ($10.98) price objective for the company in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 267.27 ($3.49).

Boohoo Group stock opened at GBX 209.60 ($2.74) on Wednesday. The firm has a market cap of $2.44 billion and a PE ratio of 65.50. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.35 and a current ratio of 1.83. The firm’s 50-day moving average is GBX 219.42. Boohoo Group has a 52 week low of GBX 146.40 ($1.91) and a 52 week high of GBX 249.20 ($3.26).

In other news, insider Brian Small bought 20,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was bought at an average cost of GBX 222 ($2.90) per share, for a total transaction of £44,400 ($58,016.46).

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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