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Boohoo Group 74.3% potential upside indicated

Boohoo Group
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Boohoo Group plc (LON:BOO) the UK-based online fashion retailer has an average target price of 399 pence taken from 6 brokers. When compared to today’s opening price of 296 pence this indicates an upside of 74.36%. Jefferies with the rating ‘Buy’ has set the highest target price of 500p followed by Barclays with a rating of overweight and a target price of 475 pence.

Boohoo has had a 52-week high of 433.5 pence and a 52-week low of 133.10 pence, currently trading around 295 pence (midday 11/08/20) and with a market capitalisation of 3.69B which is up from it’s pervious close of 292.4 pence.

Analyst Rachel Birkett CFA at Zeus Capital said, “We believe the shares currently present an opportunity for investors able to support the Group’s ongoing progress in developing and strengthening its ESG profile.”

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