Boohoo Group (LON:BOO) Price Target Raised to GBX 325 at Jefferies Financial Group

Boohoo Group (LON:BOO) had its price objective increased by investment analysts at Jefferies Financial Group from GBX 300 ($3.92) to GBX 325 ($4.25) in a research note issued to investors on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 42.67% from the stock’s previous close.

BOO has been the topic of a number of other reports. Societe Generale initiated coverage on Boohoo Group in a research note on Wednesday, July 10th. They set a “buy” rating and a GBX 285 ($3.72) price objective on the stock. Numis Securities reiterated a “buy” rating on shares of Boohoo Group in a research note on Thursday, June 13th. Macquarie initiated coverage on Boohoo Group in a research note on Friday, June 28th. They set an “outperform” rating and a GBX 315 ($4.12) price objective on the stock. HSBC boosted 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, Shore Capital reiterated a “hold” rating on shares of Boohoo Group in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Boohoo Group has a consensus rating of “Buy” and a consensus target price of GBX 269.55 ($3.52).

Shares of LON:BOO traded down GBX 1.70 ($0.02) during midday trading on Wednesday, reaching GBX 227.80 ($2.98). 553,478 shares of the company traded hands, compared to its average volume of 7,270,000. The company has a quick ratio of 1.35, a current ratio of 1.83 and a debt-to-equity ratio of 2.64. Boohoo Group has a 12 month low of GBX 146.40 ($1.91) and a 12 month high of GBX 249.20 ($3.26). The company has a market capitalization of $2.66 billion and a price-to-earnings ratio of 71.19. The business’s fifty day moving average price is GBX 221.22.

In other Boohoo Group news, insider Brian Small bought 20,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were acquired 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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