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boohoo group Plc ( (GB:DEBS) ) has shared an update.
Boohoo Group Plc, operating as Debenhams Group, announced significant share purchases by its co-founders, Mahmud Kamani and Carol Kane. Kamani acquired 3 million shares, increasing his stake to 12.70% of the company’s issued share capital, while Kane purchased 2 million shares, raising her stake to 2.13%. These transactions reflect confidence in the company’s future prospects and may influence shareholder perceptions and market dynamics. The total number of ordinary shares and voting rights remains unchanged, providing a stable basis for shareholder calculations under regulatory disclosure rules.
The most recent analyst rating on (GB:DEBS) stock is a Sell with a £15.00 price target. To see the full list of analyst forecasts on boohoo group Plc stock, see the GB:DEBS Stock Forecast page.
Spark’s Take on GB:DEBS Stock
According to Spark, TipRanks’ AI Analyst, GB:DEBS is a Underperform.
The overall stock score is primarily driven by significant financial distress, as evidenced by declining revenues, negative profitability, and high leverage. Technical analysis indicates overbought conditions despite short-term bullish momentum. Valuation metrics further highlight the company’s challenges with a negative P/E ratio and no dividend yield.
To see Spark’s full report on GB:DEBS stock, click here.
More about boohoo group Plc
Debenhams Group is an online platform offering fashion, home, and beauty products, catering to millions of customers through five shopping destinations: Debenhams, Karen Millen, boohoo, MAN, and PLT. The group traces its origins back to 1778, with the establishment of the UK’s first department store by retail pioneer William Clark. Today, it operates as a prominent online department store and fashion marketplace.
Average Trading Volume: 5,828,188
Technical Sentiment Signal: Sell
Current Market Cap: £307.7M
For a thorough assessment of DEBS stock, go to TipRanks’ Stock Analysis page.