Boohoo Group (LON:BOO) Stock Price Crosses Below 50 Day Moving Average of $224.16

Shares of Boohoo Group PLC (LON:BOO) passed 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.

Several research firms have issued reports on BOO. Societe Generale began coverage on Boohoo Group in a report on Wednesday, July 10th. They set a “buy” rating and a GBX 285 ($3.72) price objective on the stock. Citigroup lifted their target price on Boohoo Group from GBX 200 ($2.61) to GBX 250 ($3.27) and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Shore Capital reiterated a “hold” rating on shares of Boohoo Group in a research report on Tuesday, August 6th. Peel Hunt reiterated a “buy” rating on shares of Boohoo Group in a research report on Tuesday, August 6th. Finally, Numis Securities reiterated a “buy” rating on shares of Boohoo Group in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 267.50 ($3.50).

The company has a market cap of $2.66 billion and a price-to-earnings ratio of 71.38. The firm has a 50-day moving average price of GBX 225.08 and a 200 day moving average price of GBX 211.78. The company has a current ratio of 1.83, a quick ratio of 1.35 and a debt-to-equity ratio of 2.64.

In related news, insider Brian Small acquired 20,000 shares of Boohoo Group stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of GBX 231 ($3.02) per share, for a total transaction of £46,200 ($60,368.48).

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.

Read More: Balanced Fund

Receive News & Ratings for Boohoo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boohoo Group and related companies with MarketBeat.com's FREE daily email newsletter.