What Next for Boohoo.Com PLC Stock After Reaching All-Time High?

 What Next for Boohoo.Com PLC Stock After Reaching All Time High?

The stock of Boohoo.Com PLC (LON:BOO) reached all time high today, Dec, 1 and still has GBX 132.98 target or 7.00% above today’s GBX 124.28 share price. This indicates more upside for the GBX 1.40B company. This technical setup was reported by Barchart.com. If the GBX 132.98 PT is reached, the company will be worth GBX 98.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.58% or GBX 0.72 on December 1, hitting GBX 124.28. About 7.74M shares traded hands or 8.40% up from the average. Boohoo.Com PLC (LON:BOO) has risen 155.21% since May 4, 2016 and is uptrending. It has outperformed by 149.28% the S&P500.

Boohoo.Com PLC (LON:BOO) Ratings Coverage

Out of 11 analysts covering Boohoo.com Plc (LON:BOO), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. Boohoo.com Plc has been the topic of 48 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Investec with “Buy” on Friday, August 21. The firm earned “Buy” rating on Tuesday, August 9 by Peel Hunt. Peel Hunt maintained it with “Buy” rating and GBX 50 target price in Wednesday, April 13 report. Peel Hunt maintained it with “Buy” rating and GBX 40 target price in Thursday, December 17 report. The firm earned “Buy” rating on Tuesday, September 29 by N+1 Singer. The stock has “Hold” rating given by Liberum Capital on Thursday, November 17. On Wednesday, June 8 the stock rating was maintained by Liberum Capital with “Buy”. As per Tuesday, August 9, the company rating was maintained by Liberum Capital. The firm has “Buy” rating given on Wednesday, January 13 by Beaufort Securities. Peel Hunt maintained it with “Buy” rating and GBX 140 target price in Wednesday, October 19 report.

Another recent and important Boohoo.Com PLC (LON:BOO) news was published by Fool.Co.Uk which published an article titled: “Boohoo.com plc & Carpetright plc slip after updating the market!” on April 26, 2016.

boohoo.com plc is a holding company

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