Bloomberg reports that in a research note distributed to investors on Tuesday, Barclays lowered the price objective it had previously set for Boohoo Group (LON: BOO) from GBX 45 ($0.54) to GBX 37 ($0.45). The brokerage firm rated the stock as “underweight,” which indicates that they do not recommend purchasing it. Compared to the stock’s most recent closing price, the target price that Barclays offered implies a decrease of 17.48%. Regarding BOO, additional articles have been published recently. JPMorgan Chase & Co. lowered their rating for Boohoo Group to “neutral” and reduced their target price for the company from GBX 190 ($2.30) to GBX 85 ($1.03) in a research note published on June 21st. A research note posted on Monday, May 30th, Royal Bank of Canada reiterated a “sector perform” rating on boohoo group shares and set a price target of GBX 150 ($1.81). The research note was released. In a research note published on Thursday, June 16th, Jefferies Financial Group reissued a “buy” rating on shares of Boohoo Group and set a GBX 120 ($1.45) price objective on the company’s common stock.
Both their “buy” rating and their price objective on BOHOO Group shares were lowered in a research note published by Deutsche Bank Aktiengesellschaft on May 2nd. Both of the preceding levels, GBX 230 ($2.78) and GBX 140 ($1.69) were respectively in place. In the end, but not least, Liberum Capital lowered their rating on the shares of the boohoo group to a “hold” rating and slashed their target price from GBX 200 ($2.42) to GBX 70 ($0.85) in a research note that was published on May 4th. Five financial experts have given the company their suggestion to purchase the stock, four analysts have given the company their recommendation to hold the stock, and two different analysts have given the company their offer to sell the stock. The data provided by Bloomberg indicates that the general recommendation for Boohoo Group is to “Hold” and that the average price objective for the business is GBX 188 ($2.27).
The boohoo group shares were traded on Tuesday at GBX 44.84, equal to $0.54 in American currency. The company’s simple moving average for the past 50 days is GBX 58.85, while the company’s simple moving average over the past 200 days is GBX 74.86. This example demonstrates a debt-to-equity ratio of 32.72, a quick ratio of 0.32, and a current ratio of 1. Over the past year, the boohoo group had a range of stock prices, with the lowest being GBX 41.47 ($0.50) and the highest being GBX 285.60 ($3.45). The company’s market value is currently £568.41 million, and its price-to-earnings ratio is at -149.93. The online clothing store known as Boohoo Group plc has locations in the United States, Europe, the United Kingdom, and other parts of the world. Its primary market is the United Kingdom.
These undertakings are managed by the organizations that are part of the group’s ownership structure. This company designs, sources, advertises and sells clothing, footwear, accessories, and cosmetics that are geared toward clients in the age range of 16 to 45 years old. Its clientele consists of people in this age range. The company’s wares can be purchased under a wide variety of brand names, such as boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams. Other brands include MissPap and Karen Millen.