Boohoo share price: what’s the latest after hitting all-time high in November?

The online fashion retailer saw its stock hit a new all-time high at the end of November, prompting its founders to cash out, selling £142.5 million worth of shares.

Two weeks ago, Boohoo saw its share price hit a new all-time high of 315.5p, representing a 95% increase from where the stock was at the start of the year.

A week later, the price move prompted Boohoo founders Mahmud Kamani and Carol Kane to sell 50 million shares worth £142.5 million.

After the sale, Kamani now controls a 13.1% stockholding in the company, while Kane holds a 2.7% stake. The pair have pledged to not sell any further shares for the next 18 months unless permitted by other shareholders.

Since hitting a record high in late November, Boohoo has seen its share price fall by 15%, with the stock trading at 264p as of 11:30 GMT on Wednesday.

Looking to trade Boohoo and other retail stocks? Open a live or demo account with IG.

Jefferies and Goldman Sachs upgrade target price for Boohoo

Despite the stock sliding after hitting a new record high, analysts remain upbeat about its price trajectory.

Analysts at Goldman Sachs and Jefferies reiterated their ‘buy’ rating for Boohoo, issuing a target price of 335p and 375p respectively in December.

Based on Boohoo trading at 264p the two banks believe that the stock has a potential upside of between 26.8% - 42%.

You can go long or short Boohoo with IG using derivatives like CFDs.

Boohoo completes integration of Karen Millen, Coast and MissPap

In a recent trading update, the company confirmed that since its half year end, trading has remained strong across its key brands with a record performance across the Black Friday weekend.

‘Our new brands, Karen Millen, Coast, and MissPap, have been successfully integrated onto our platform. Initial ranges have been very well received, and we continue to broaden our product ranges as we progress our multi-brand strategy,’ Boohoo said.

The group continues to trade comfortably in line with market expectations and will provide further financial information covering the trading period for the four months to 31 December 2019 on 14 January 2020.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.