Supergroup PLC PT Lowered to GBX 1,500 at Investec (SGP)
Investment analysts at Investec decreased their target price on shares of Supergroup PLC (LON:SGP) from GBX 1,600 ($26.48) to GBX 1,500 ($24.82) in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Investec’s price objective points to a potential upside of 33.21% from the stock’s previous close.
A number of other analysts have also recently weighed in on SGP. Analysts at Oriel Securities Ltd reiterated a “reduce” rating on shares of Supergroup PLC in a research note on Tuesday. They now have a GBX 930 ($15.39) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Supergroup PLC in a research note on Friday, July 18th. They now have a GBX 1,625 ($26.89) price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 1,369.50 ($22.66).
Supergroup PLC (LON:SGP) opened at 1131.00 on Tuesday. Supergroup PLC has a one year low of GBX 806.0001 and a one year high of GBX 1749.00. The stock has a 50-day moving average of GBX 1065. and a 200-day moving average of GBX 1300.. The company’s market cap is £915.7 million.
SuperGroup Plc is a fashion retailer offering clothing and accessories. The Company operates in two segments: Retail and Wholesale.
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