SuperGroup Given “Buy” Rating at Investec (SGP)
SuperGroup (LON:SGP)‘s stock had its “buy” rating reaffirmed by equities researchers at Investec in a research report issued on Thursday, ARN reports. They currently have a GBX 1,300 ($21.02) price objective on the stock. Investec’s price objective would suggest a potential upside of 9.61% from the company’s current price.
Shares of SuperGroup (LON:SGP) opened at 1180.79 on Thursday. SuperGroup has a 1-year low of GBX 532.682 and a 1-year high of GBX 1248.00. The stock’s 50-day moving average is GBX 1146.31 and its 200-day moving average is GBX 914.5. The company’s market cap is £950.0 million.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of SuperGroup in a research note to investors on Monday. They now have a GBX 1,500 ($24.26) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of SuperGroup in a research note to investors on Thursday, October 17th. They now have a GBX 1,175 ($19.00) price target on the stock. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of SuperGroup in a research note to investors on Thursday, October 17th. They now have a GBX 1,175 ($19.00) price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,073.42 ($17.36).
SuperGroup Plc, formerly DKH Clothing Plc. is United Kingdom-based retailer. It focuses on the youth fashion market with its clothing and accessories for both men and women.
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