Boohoo Group (LON:BOO) Stock Crosses Below 50-Day Moving Average of $217.43

Boohoo Group PLC (LON:BOO)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $217.43 and traded as low as $237.55. Boohoo Group shares last traded at $241.00, with a volume of 2,681,736 shares changing hands.

A number of analysts have commented on BOO shares. Peel Hunt restated a “buy” rating and issued a GBX 325 ($4.25) price target on shares of Boohoo Group in a research report on Monday, June 10th. Macquarie assumed coverage on Boohoo Group in a research note on Friday, June 28th. They set an “outperform” rating and a GBX 315 ($4.12) price target for the company. Citigroup raised their price objective on Boohoo Group from GBX 200 ($2.61) to GBX 250 ($3.27) and gave the company a “neutral” rating in a research note on Tuesday, April 30th. HSBC raised their price objective on Boohoo Group from GBX 280 ($3.66) to GBX 290 ($3.79) and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, Barclays increased their price target on Boohoo Group from GBX 230 ($3.01) to GBX 240 ($3.14) and gave the stock an “equal weight” rating in a report on Thursday, June 13th. One 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 a consensus rating of “Buy” and an average target price of GBX 267.27 ($3.49).

The firm has a market cap of $2.80 billion and a PE ratio of 75.31. The business’s fifty day moving average is GBX 217.60. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.83 and a quick ratio of 1.35.

In other Boohoo Group news, insider Brian Small bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average price of GBX 222 ($2.90) per share, with a total value of £44,400 ($58,016.46).

About Boohoo Group (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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