boohoo group (OTCMKTS:BHOOY) PT Lowered to GBX 70 at Morgan Stanley

boohoo group (OTCMKTS:BHOOYGet Rating) had its target price decreased by equities researchers at Morgan Stanley from GBX 111 ($1.39) to GBX 70 ($0.87) in a note issued to investors on Monday, The Fly reports.

Several other analysts have also recently issued reports on BHOOY. Zacks Investment Research cut boohoo group from a “buy” rating to a “hold” rating in a report on Tuesday, March 15th. Liberum Capital cut boohoo group from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Investec raised boohoo group from a “sell” rating to a “hold” rating in a report on Monday, March 14th. Barclays decreased their price objective on boohoo group from GBX 85 ($1.06) to GBX 65 ($0.81) in a report on Thursday. Finally, Societe Generale cut boohoo group from a “buy” rating to a “hold” rating and set a GBX 72 ($0.90) price objective on the stock. in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $94.83.

Shares of BHOOY remained flat at $$17.89 during mid-day trading on Monday. boohoo group has a 12 month low of $17.89 and a 12 month high of $94.00. The company has a 50-day moving average price of $23.80 and a 200-day moving average price of $33.24.

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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