Super Retail Group Upgraded by Commonwealth Bank to Neutral (SUL)
Super Retail Group (ASX:SUL) was upgraded by Commonwealth Bank from an “underweight” rating to a “neutral” rating in a research note issued on Thursday. The firm currently has a $14.00 target price on the stock, up from their previous target price of $8.05.
Super Retail Group (ASX:SUL) traded up 1.72% on Thursday, hitting A$8.850. The stock had a trading volume of 942,409 shares. Super Retail Group has a one year low of A$7.890 and a one year high of A$14.095. The stock has a 50-day moving average of A$8.72 and a 200-day moving average of A$10.58. The company has a market cap of A$1.741 billion and a P/E ratio of 16.63.
A number of other analysts have also recently weighed in on SUL. 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.
Super Retail Group Limited is an Australia-based specialty retailer. The Company operates in three segments: Auto, Leisure and Sports.
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