Boohoo downgraded by Liberum

Liberum Capital has moderated its recommendation on online fashion retailer (LON:BOO) and moved to ‘hold’ (from ‘buy’), believing the shares will “pause for breath” following the stock’s rise over the past year.

Specifically, the broker commented: “We remain bullish on the group’s prospects, but on a Feb 17E PE of 72x, after a 215% share price rise the past year, we feel shares should pause for breath; hence Hold.”

Its target price stands at 120 pence a share.

At 3:02pm: (LON:BOO) Plc share price was -0.37p at 117.38p

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