boohoo group (LON:BOO) Stock Price Up 10.1%

boohoo group plc (LON:BOO) shares traded up 10.1% during trading on Thursday . The stock traded as high as GBX 31.22 ($0.41) and last traded at GBX 31.01 ($0.41). 6,817,543 shares were traded during trading, an increase of 67% from the average session volume of 4,071,021 shares. The stock had previously closed at GBX 28.18 ($0.37).

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BOO shares. JPMorgan Chase & Co. reduced their target price on boohoo group from GBX 45 ($0.59) to GBX 37 ($0.49) and set a “neutral” rating on the stock in a report on Tuesday, June 11th. Shore Capital reaffirmed a “hold” rating on shares of boohoo group in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 27.17 ($0.36).

boohoo group Stock Performance

The business’s 50-day simple moving average is GBX 31.57 and its two-hundred day simple moving average is GBX 33.58. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 159.78. The firm has a market cap of £390.40 million, a price-to-earnings ratio of -256.18 and a beta of 1.82.

boohoo group Company Profile

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 fashion clothing, home and beauty products, shoes, and accessories for 16-to-60+ year age customers.