boohoo group (LON:BOO) Trading Up 10.9% on Insider Buying Activity

boohoo group plc (LON:BOO)’s share price was up 10.9% during trading on Friday after an insider bought additional shares in the company. The company traded as high as GBX 39.48 ($0.50) and last traded at GBX 38.52 ($0.49). Approximately 48,599,617 shares were traded during mid-day trading, an increase of 994% from the average daily volume of 4,444,243 shares. The stock had previously closed at GBX 34.74 ($0.44).

Specifically, insider Dan Finley acquired 286,475 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of GBX 35 ($0.44) per share, for a total transaction of £100,266.25 ($126,550.86).

Analysts Set New Price Targets

A number of equities analysts have issued reports on BOO shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 27 ($0.34) price target on shares of boohoo group in a research note on Thursday, September 12th. Shore Capital reissued a “hold” rating on shares of boohoo group in a report on Thursday, October 24th.

boohoo group Price Performance

The company has a market cap of £489.20 million, a price-to-earnings ratio of -350.18 and a beta of 1.80. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 159.78. The business has a 50-day moving average price of GBX 31.45 and a 200 day moving average price of GBX 31.69.

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 fashion clothing, home and beauty products, shoes, and accessories for 16-to-60+ year age customers.