Commonwealth Bank Upgrades Super Retail Group to “Neutral” (SUL)
Super Retail Group (ASX:SUL) was upgraded by stock analysts at Commonwealth Bank from an “underweight” rating to a “neutral” rating in a report issued on Tuesday. The firm currently has a $14.00 target price on the stock, up from their previous target price of $8.05.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Super Retail Group in a research note on Tuesday, May 27th. They now have a $10.57 price target on the stock, down previously from $12.40.
Shares of Super Retail Group (ASX:SUL) traded up 1.80% on Tuesday, hitting A$8.470. The stock had a trading volume of 1,798,219 shares. Super Retail Group has a 52 week low of A$7.890 and a 52 week high of A$14.095. The stock’s 50-day moving average is A$9.1 and its 200-day moving average is A$10.95. The company has a market cap of A$1.666 billion and a price-to-earnings ratio of 15.91.
Super Retail Group Limited is an Australia-based specialty retailer. The Company operates in three segments: Auto, Leisure and Sports.
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