Supergroup PLC Receives Buy Rating from Canaccord Genuity (SGP)
Supergroup PLC (LON:SGP)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 1,625 ($26.89) target price on the stock. Canaccord Genuity’s price target indicates a potential upside of 41.43% from the stock’s previous close.
Supergroup PLC (LON:SGP) opened at 1148.00 on Wednesday. Supergroup PLC has a one year low of GBX 806.0001 and a one year high of GBX 1749.00. The stock’s 50-day moving average is GBX 1067. and its 200-day moving average is GBX 1297.. The company’s market cap is £929.4 million.
A number of other analysts have also recently weighed in on SGP. Analysts at Investec cut their price target on shares of Supergroup PLC from GBX 1,600 ($26.48) to GBX 1,500 ($24.82) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, 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 Oriel Securities Ltd reiterated a “reduce” rating on shares of Supergroup PLC in a research note on Thursday, July 31st. They now have a GBX 930 ($15.39) price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,369.50 ($22.66).
SuperGroup Plc is a fashion retailer offering clothing and accessories. The Company operates in two segments: Retail and Wholesale.
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