boohoo group (LON:BOO) Shares Up 10.9% After Insider Buying Activity

Shares of boohoo group plc (LON:BOO) rose 10.9% on Friday following insider buying activity. The company traded as high as GBX 39.48 ($0.50) and last traded at GBX 38.52 ($0.49). Approximately 48,599,617 shares changed hands during trading, an increase of 994% from the average daily volume of 4,444,243 shares. The stock had previously closed at GBX 34.74 ($0.44).

Specifically, insider Dan Finley purchased 286,475 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of GBX 35 ($0.44) per share, with a total value of £100,266.25 ($127,096.27).

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BOO shares. Shore Capital reaffirmed a “hold” rating on shares of boohoo group in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 27 ($0.34) target price on shares of boohoo group in a report on Thursday, September 12th.

boohoo group Stock Up 10.9 %

The business has a 50-day moving average of GBX 31.34 and a 200 day moving average of GBX 31.66. The company has a debt-to-equity ratio of 159.78, a current ratio of 1.43 and a quick ratio of 0.92. The company has a market capitalization of £489.20 million, a PE ratio of -315.82 and a beta of 1.80.

boohoo group Company Profile

boohoo group plc, through its subsidiaries, operates as an online clothing retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company designs, sources, markets, and sells fashion clothing, home and beauty products, shoes, and accessories for 16-to-60+ year age customers.