Supergroup PLC Price Target Lowered to GBX 1,600 at Investec (SGP)
Analysts at Investec decreased their target price on shares of Supergroup PLC (LON:SGP) from GBX 1,800 ($30.36) to GBX 1,600 ($26.99) in a research report issued to clients and investors on Thursday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Investec’s price objective would suggest a potential upside of 42.22% from the stock’s previous close.
Shares of Supergroup PLC (LON:SGP) traded down 4.58% during mid-day trading on Thursday, hitting GBX 1125.00. The stock had a trading volume of 478,566 shares. Supergroup PLC has a 52 week low of GBX 182.25 and a 52 week high of GBX 1749.00. The stock has a 50-day moving average of GBX 1518. and a 200-day moving average of GBX 1442.93. The company’s market cap is £905.7 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Supergroup PLC in a research note on Thursday. They now have a GBX 1,650 ($27.83) price target on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Supergroup PLC in a research note on Thursday, May 1st. They now have a GBX 1,625 ($27.41) price target on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,399.80 ($23.61).
SuperGroup Plc is a fashion retailer offering clothing and accessories. The Company operates in two segments: Retail and Wholesale.
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