Boohoo Group (LON:BOO) Price Target Increased to GBX 290 by Analysts at HSBC

Boohoo Group (LON:BOO) had its price target increased by equities researchers at HSBC from GBX 280 ($3.66) to GBX 290 ($3.79) in a research note issued on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. HSBC’s price objective indicates a potential upside of 32.54% from the company’s previous close.

A number of other equities analysts also recently issued reports on BOO. Shore Capital reiterated a “hold” rating on shares of Boohoo Group in a report on Monday, May 20th. Numis Securities reiterated a “buy” rating on shares of Boohoo Group in a report on Thursday, June 6th. Barclays reiterated an “equal weight” rating on shares of Boohoo Group in a report on Thursday, March 28th. Liberum Capital reiterated a “buy” rating on shares of Boohoo Group in a report on Wednesday. Finally, Peel Hunt reiterated a “buy” rating on shares of Boohoo Group in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 260 ($3.40).

BOO opened at GBX 218.80 ($2.86) on Friday. The company has a quick ratio of 1.35, a current ratio of 1.83 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $2.58 billion and a price-to-earnings ratio of 68.38. Boohoo Group has a 12-month low of GBX 146.40 ($1.91) and a 12-month high of GBX 249.20 ($3.26).

In related news, insider Brian Small purchased 20,000 shares of Boohoo Group stock in a transaction dated Thursday, June 13th. The stock was purchased at an average cost of GBX 222 ($2.90) per share, for a total transaction of £44,400 ($58,016.46).

About Boohoo Group

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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Analyst Recommendations for Boohoo Group (LON:BOO)

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