boohoo group’s (BOO) Sector Perform Rating Reiterated at Royal Bank of Canada

boohoo group (LON:BOOGet Rating)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank of Canada in a note issued to investors on Tuesday, Marketbeat.com reports. They presently have a GBX 150 ($1.87) price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 83.15% from the company’s previous close.

BOO has been the subject of a number of other research reports. Morgan Stanley reaffirmed an “underweight” rating on shares of boohoo group in a report on Tuesday, April 26th. Berenberg Bank dropped their price objective on boohoo group from GBX 350 ($4.37) to GBX 190 ($2.37) and set a “buy” rating on the stock in a research note on Wednesday, April 6th. Liberum Capital reiterated a “buy” rating and set a GBX 200 ($2.50) price objective on shares of boohoo group in a report on Thursday, March 10th. Shore Capital reaffirmed a “buy” rating on shares of boohoo group in a research note on Thursday, March 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on boohoo group from GBX 230 ($2.87) to GBX 140 ($1.75) and set a “buy” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 304.50 ($3.80).

Shares of LON:BOO opened at GBX 81.90 ($1.02) on Tuesday. The company has a quick ratio of 0.46, a current ratio of 1.15 and a debt-to-equity ratio of 21.73. The stock has a market cap of £1.04 billion and a PE ratio of 17.82. The business has a 50 day moving average of GBX 87.29 and a 200-day moving average of GBX 121.94. boohoo group has a 12-month low of GBX 63.32 ($0.79) and a 12-month high of GBX 346.66 ($4.33).

About boohoo group (Get Rating)

boohoo group plc, through its subsidiaries, 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 for 16 to 40 year old 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.

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