Liberum Capital Decides to Downgrade Plc (LON:BOO). Will Other Analysts Follow?

June 12, 2018 - By Jacob Falcon plc (LON:BOO) Logo Plc (LON:BOO) Receives a Downgrade

Liberum Capital decreased Plc (LON:BOO) shares, lowering their rating to a Hold in analysts note issued to clients on Tuesday morning. Trading on the 2.47B GBP market cap BOO will be interesting to observe today. plc (LON:BOO) Ratings Coverage

Among 11 analysts covering Plc (LON:BOO), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Plc has GBX 300 highest and GBX 125 lowest target. GBX 238.90’s average target is 11.01% above currents GBX 215.2 stock price. Plc had 38 analyst reports since December 14, 2017 according to SRatingsIntel. The rating was maintained by Peel Hunt on Thursday, January 11 with “Buy”. The stock of plc (LON:BOO) has “Buy” rating given on Monday, February 12 by Liberum Capital. Shore Capital maintained plc (LON:BOO) on Thursday, January 11 with “Buy” rating. The company was maintained on Tuesday, June 12 by Peel Hunt. On Thursday, May 24 the stock rating was maintained by Deutsche Bank with “Buy”. On Tuesday, January 2 the stock rating was maintained by Jefferies with “Buy”. As per Tuesday, January 16, the company rating was upgraded by Citigroup. On Wednesday, December 20 the stock rating was maintained by Peel Hunt with “Buy”. The firm has “Buy” rating given on Tuesday, April 24 by Liberum Capital. On Thursday, January 4 the stock rating was maintained by Peel Hunt with “Buy”.

The stock decreased 2.23% or GBX 4.9 during the last trading session, reaching GBX 215.2. About 11.71 million shares traded or 3.10% up from the average. plc (LON:BOO) has 0.00% since June 12, 2017 and is . It has underperformed by 12.57% the S&P500. plc operates as an online fashion retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company has market cap of 2.47 billion GBP. The firm designs, sources, markets, and sells clothing, shoes, accessories, and beauty products through the Websites to a market of 16 to 30 year old consumers. It has a 89.67 P/E ratio. It offers its products for men, women, and children.

Another recent and important plc (LON:BOO) news was published by Fool.Co.Uk which published an article titled: “Why I believe Boohoo’s share price can keep rising” on May 14, 2018.

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