JPMorgan Chase & Co. Trims boohoo group (LON:BOO) Target Price to GBX 190

boohoo group (LON:BOOGet Rating) had its price target cut by equities researchers at JPMorgan Chase & Co. from GBX 230 ($2.87) to GBX 190 ($2.37) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 159.28% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of boohoo group from GBX 230 ($2.87) to GBX 140 ($1.75) and set a “buy” rating on the stock in a report on Monday. Berenberg Bank reduced their target price on shares of boohoo group from GBX 350 ($4.37) to GBX 190 ($2.37) and set a “buy” rating on the stock in a report on Wednesday, April 6th. Liberum Capital lowered shares of boohoo group to a “hold” rating and reduced their target price for the company from GBX 200 ($2.50) to GBX 70 ($0.87) in a report on Wednesday. Barclays reduced their target price on shares of boohoo group from GBX 85 ($1.06) to GBX 65 ($0.81) and set an “underweight” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 150 ($1.87) price objective on shares of boohoo group in a research note on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 260.50 ($3.25).

LON:BOO opened at GBX 73.28 ($0.92) on Thursday. The firm has a market cap of ¬£928.96 million and a price-to-earnings ratio of 15.80. The company has a current ratio of 1.15, a quick ratio of 0.46 and a debt-to-equity ratio of 21.73. The company’s 50-day moving average is GBX 86.97 and its two-hundred day moving average is GBX 120.28. boohoo group has a 12-month low of GBX 63.32 ($0.79) and a 12-month high of GBX 337 ($4.21).

boohoo group Company Profile (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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