Online Fashion Retail Group Boohoo Stock Rating Reaffirmed by Peel Hunt
Boohoo PLC (LON:BOO)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Friday. They currently have a GBX 300 ($3.95) price target on the stock. Peel Hunt’s target price points to a potential upside of 56.90% from the stock’s previous close.
A number of other analysts also recently commented on BOO. Citigroup Inc. decreased their target price on Boohoo.Com PLC from GBX 270 ($3.55) to GBX 250 ($3.29) and set a “neutral” rating on the stock in a research report on Thursday, September 28th. Barclays PLC reiterated an “overweight” rating and set a GBX 260 ($3.42) target price on shares of Boohoo.Com PLC in a research report on Thursday, September 28th. Beaufort Securities reiterated a “buy” rating on shares of Boohoo.Com PLC in a research report on Thursday, September 28th. Jefferies Group LLC boosted their target price on Boohoo.Com PLC from GBX 125 ($1.64) to GBX 280 ($3.68) and gave the stock a “buy” rating in a research report on Thursday, September 28th. Finally, Shore Capital reiterated a “buy” rating on shares of Boohoo.Com PLC in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 239.67 ($3.15).
Shares of Boohoo.Com PLC (LON:BOO) opened at GBX 191.21 ($2.51) on Friday. Boohoo.Com PLC has a 12 month low of GBX 108.51 ($1.43) and a 12 month high of GBX 328.93 ($4.33).
In other news, insider Carol Mary Kane sold 4,650,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of GBX 230 ($3.03), for a total value of £10,695,000 ($14,066,815.73). Also, insider Pierre Marie Jean-Louis Cuilleret purchased 100,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was bought at an average cost of GBX 205 ($2.70) per share, with a total value of £205,000 ($269,630.41).
Boohoo.com plc is an online fashion retail group. The Company is based in the United Kingdom and has a strong presence in the United Kingdom, the United States, Europe and Australia, selling products to almost every country in the world. The Company owns the boohoo, boohooMAN, PrettyLittleThing and Nasty Gal brands.