boohoo group (LON:BOO) Stock Passes Above 50 Day Moving Average of $34.51

Shares of boohoo group plc (LON:BOO) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 34.51 ($0.44) and traded as high as GBX 35.58 ($0.45). boohoo group shares last traded at GBX 34.90 ($0.44), with a volume of 838,892 shares changing hands.

Analysts Set New Price Targets

BOO has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on boohoo group from GBX 45 ($0.57) to GBX 37 ($0.47) and set a “neutral” rating on the stock in a research note on Tuesday, June 11th. Shore Capital reiterated a “hold” rating on shares of boohoo group in a report on Wednesday, May 8th. Finally, Barclays reissued an “underweight” rating and issued a GBX 26 ($0.33) price target on shares of boohoo group in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, boohoo group has an average rating of “Hold” and a consensus target price of GBX 27.17 ($0.34).

boohoo group Price Performance

The company has a market cap of £444.91 million, a PE ratio of -317.27 and a beta of 1.75. The business has a 50 day moving average of GBX 34.51 and a 200 day moving average of GBX 35.60. The company has a debt-to-equity ratio of 159.78, a current ratio of 1.43 and a quick ratio of 0.92.

About boohoo group

boohoo group plc, through its subsidiaries, operates as an online clothing retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company designs, sources, markets, and sells fashion clothing, home and beauty products, shoes, and accessories for 16-to-60+ year age customers.