Sanford C. Bernstein Raises Boohoo Group (LON:BOO) Price Target to GBX 480

Boohoo Group (LON:BOO) had its price objective lifted by Sanford C. Bernstein from GBX 415 ($5.28) to GBX 480 ($6.11) in a report published on Wednesday morning, Stock Target Advisor reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Morgan Stanley lowered their price target on Boohoo Group from GBX 190 ($2.42) to GBX 150 ($1.91) and set an underweight rating for the company in a report on Tuesday, May 12th. Barclays boosted their target price on shares of Boohoo Group from GBX 425 ($5.41) to GBX 470 ($5.98) and gave the company an overweight rating in a research note on Thursday, June 18th. Shore Capital reissued a hold rating on shares of Boohoo Group in a report on Wednesday, June 17th. Citigroup lifted their price target on shares of Boohoo Group from GBX 250 ($3.18) to GBX 330 ($4.20) and gave the company a neutral rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group increased their price target on Boohoo Group from GBX 460 ($5.85) to GBX 500 ($6.36) and gave the stock a buy rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 401.79 ($5.11).

Shares of Boohoo Group stock opened at GBX 408.80 ($5.20) on Wednesday. The business has a 50-day moving average price of GBX 370.80 and a 200 day moving average price of GBX 298.77. Boohoo Group has a fifty-two week low of GBX 1.33 ($0.02) and a fifty-two week high of GBX 433.50 ($5.52). The firm has a market cap of $5.19 billion and a P/E ratio of 77.13. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 6.38.

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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