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Boohoo Group PLC 25.8% Potential Upside Indicated by HSBC

Boohoo Group PLC using EPIC/TICKER code (LON:BOO) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Boohoo Group PLC are listed in the Consumer Services sector within AIM. HSBC have set a target price of 240 GBX on its stock. This indicates the analyst now believes there is a potential upside of 25.8% from the opening price of 190.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 3.8 points and decreased 21.2 points respectively. The 52 week high share price is 247.8 GBX while the year low stock price is currently 139.85 GBX.

Boohoo Group PLC has a 50 day moving average of 181.87 GBX and the 200 Day Moving Average price is recorded at 199.79. There are currently 1,162,780,599 shares in issue with the average daily volume traded being 7,832,109. Market capitalisation for LON:BOO is £2,245,329,407 GBP.