boohoo group (LON:BOO) Given Buy Rating at Berenberg Bank

boohoo group (LON:BOO)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report released on Tuesday, Digital Look reports. They presently have a GBX 460 ($6.01) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 27.78% from the stock’s current price.

Several other equities research analysts have also weighed in on BOO. Shore Capital reiterated a “sell” rating on shares of boohoo group in a research note on Tuesday, February 16th. Bank of America reiterated a “buy” rating and set a GBX 470 ($6.14) price objective on shares of boohoo group in a research note on Tuesday, February 9th. Citigroup reiterated a “buy” rating and set a GBX 480 ($6.27) price objective on shares of boohoo group in a research note on Tuesday, January 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 480 ($6.27) price objective on shares of boohoo group in a research note on Monday, March 29th. Finally, Barclays raised their price target on shares of boohoo group from GBX 510 ($6.66) to GBX 530 ($6.92) and gave the company an “overweight” rating in a research note on Tuesday, February 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 418.57 ($5.47).

BOO opened at GBX 360 ($4.70) on Tuesday. The firm has a market cap of £4.54 billion and a price-to-earnings ratio of 54.42. boohoo group has a fifty-two week low of GBX 197.60 ($2.58) and a fifty-two week high of GBX 433.50 ($5.66). The company’s 50-day moving average price is GBX 335.32 and its 200 day moving average price is GBX 326.76. The company has a quick ratio of 1.11, a current ratio of 1.65 and a debt-to-equity ratio of 3.31.

In related news, insider Iain McDonald acquired 100,000 shares of the firm’s stock in a transaction dated Friday, February 26th. The stock was acquired at an average cost of GBX 335 ($4.38) per share, for a total transaction of £335,000 ($437,679.64).

boohoo group Company Profile

boohoo group plc, through its subsidiaries, 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 for 16 to 40 year old customers. boohoo group plc provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, and Coast brands.

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Analyst Recommendations for boohoo group (LON:BOO)

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