boohoo group (LON:BOO) Shares Cross Below 200-Day Moving Average of $35.45

boohoo group plc (LON:BOO)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 35.45 ($0.45) and traded as low as GBX 34.24 ($0.43). boohoo group shares last traded at GBX 34.26 ($0.43), with a volume of 1,520,770 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BOO shares. 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. JPMorgan Chase & Co. lowered their target price on shares of boohoo group from GBX 45 ($0.57) to GBX 37 ($0.47) and set a “neutral” rating for the company in a research note on Tuesday, June 11th. Finally, Shore Capital reissued a “hold” rating on shares of boohoo group in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, boohoo group currently has an average rating of “Hold” and an average price target of GBX 27.17 ($0.34).

boohoo group Trading Up 1.1 %

The company has a 50 day simple moving average of GBX 34.61 and a two-hundred day simple moving average of GBX 35.45. The company has a debt-to-equity ratio of 159.78, a quick ratio of 0.92 and a current ratio of 1.43. The firm has a market cap of £439.93 million, a PE ratio of -311.45 and a beta of 1.75.

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.