Barclays Downgrades Boohoo.Com (BOO) to Equal weight

Boohoo.Com (LON:BOO) was downgraded by equities researchers at Barclays to an “equal weight” rating in a report issued on Wednesday. They presently have a GBX 240 ($3.20) price objective on the stock, up from their prior price objective of GBX 225 ($3.00). Barclays’ price target points to a potential upside of 12.25% from the company’s current price.

Several other research firms have also issued reports on BOO. Peel Hunt reissued a “buy” rating on shares of Boohoo.Com in a research report on Tuesday. Shore Capital reissued a “hold” rating on shares of Boohoo.Com in a research report on Tuesday. Liberum Capital lowered shares of Boohoo.Com to a “hold” rating and set a GBX 220 ($2.93) price target for the company. in a research report on Tuesday. Deutsche Bank reissued a “buy” rating on shares of Boohoo.Com in a research report on Friday, June 8th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a GBX 160 ($2.13) price target on shares of Boohoo.Com in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Boohoo.Com has a consensus rating of “Buy” and an average target price of GBX 240.40 ($3.20).

Boohoo.Com opened at GBX 213.80 ($2.85) on Wednesday, Marketbeat Ratings reports. Boohoo.Com has a 12-month low of GBX 1.89 ($0.03) and a 12-month high of GBX 328.93 ($4.38).

About Boohoo.Com

boohoo.com 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, women, and children.

Analyst Recommendations for Boohoo.Com (LON:BOO)

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