Boohoo Group (LON:BOO) Shares Pass Below Fifty Day Moving Average of $224.16

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Shares of Boohoo Group PLC (LON:BOO) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $224.16 and traded as low as $228.10. Boohoo Group shares last traded at $229.90, with a volume of 1,795,266 shares.

BOO has been the subject of a number of research reports. Citigroup boosted their price target on shares of Boohoo Group from GBX 200 ($2.61) to GBX 250 ($3.27) and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Barclays boosted their price target on shares of Boohoo Group from GBX 230 ($3.01) to GBX 240 ($3.14) and gave the stock an “equal weight” rating in a research note on Thursday, June 13th. Jefferies Financial Group boosted their price target on shares of Boohoo Group from GBX 300 ($3.92) to GBX 325 ($4.25) and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Liberum Capital reissued a “buy” rating on shares of Boohoo Group in a research note on Tuesday, August 6th. Finally, Macquarie initiated coverage on shares of Boohoo Group in a research note on Friday, June 28th. They issued an “outperform” rating and a GBX 315 ($4.12) price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 269.55 ($3.52).

The company has a market cap of $2.67 billion and a PE ratio of 71.84. The stock’s 50 day moving average price is GBX 224.16 and its 200-day moving average price is GBX 211.34. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.35 and a current ratio of 1.83.

In other Boohoo Group news, insider Brian Small acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of GBX 231 ($3.02) per share, with a total value of £46,200 ($60,368.48).

Boohoo Group Company Profile (LON:BOO)

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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