Oriel Securities Ltd Reiterates Reduce Rating for Supergroup PLC (SGP)
Supergroup PLC (LON:SGP)‘s stock had its “reduce” rating reaffirmed by Oriel Securities Ltd in a research note issued on Tuesday. They currently have a GBX 930 ($15.79) target price on the stock. Oriel Securities Ltd’s target price points to a potential upside of 2.76% from the company’s current price.
Supergroup PLC (LON:SGP) opened at 897.9999 on Tuesday. Supergroup PLC has a 52-week low of GBX 685.00 and a 52-week high of GBX 1749.00. The stock’s 50-day moving average is GBX 1142. and its 200-day moving average is GBX 1429.18. The company’s market cap is £723.0 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank initiated coverage on shares of Supergroup PLC in a research note on Thursday, May 15th. They set a “buy” rating and a GBX 1,490 ($25.29) price target on the stock. Separately, analysts at Investec cut their price target on shares of Supergroup PLC from GBX 1,800 ($30.56) to GBX 1,600 ($27.16) in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Supergroup PLC in a research note on Thursday, May 8th. They now have a GBX 1,650 ($28.01) price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Supergroup PLC has a consensus rating of “Hold” and an average target price of GBX 1,356.18 ($23.02).
SuperGroup Plc is a fashion retailer offering clothing and accessories. The Company operates in two segments: Retail and Wholesale.
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