boohoo group (OTCMKTS:BHOOY) Shares Up 24.1%

boohoo group plc (OTCMKTS:BHOOY)’s share price shot up 24.1% on Monday . The stock traded as high as $8.60 and last traded at $8.60. 400 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 595 shares. The stock had previously closed at $6.93.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BHOOY. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of boohoo group from GBX 43 ($0.54) to GBX 25 ($0.31) in a research note on Wednesday, October 4th. JPMorgan Chase & Co. dropped their price objective on shares of boohoo group from GBX 55 ($0.69) to GBX 45 ($0.56) in a research note on Thursday, October 5th. Barclays dropped their price objective on shares of boohoo group from GBX 30 ($0.38) to GBX 26 ($0.33) in a research note on Wednesday, October 4th. Stifel Nicolaus lowered shares of boohoo group from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Finally, The Goldman Sachs Group lowered shares of boohoo group from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 11th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, boohoo group currently has a consensus rating of “Hold” and an average price target of $33.60.

boohoo group Stock Up 24.1 %

The business’s 50 day moving average is $7.45 and its 200-day moving average is $8.89.

boohoo group Company Profile

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 clothing, shoes, accessories, and beauty products for 16-to-45-year age customers. It provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams brands.