Canaccord Genuity Reaffirms Buy Rating for Supergroup PLC (SGP)
Supergroup PLC (LON:SGP)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday. They currently have a GBX 1,625 ($26.97) price target on the stock. Canaccord Genuity’s price target indicates a potential upside of 55.35% from the company’s current price.
Shares of Supergroup PLC (LON:SGP) traded up 13.86% on Thursday, hitting GBX 1191.00. 567,093 shares of the company’s stock traded hands. Supergroup PLC has a 1-year low of GBX 806.0001 and a 1-year high of GBX 1749.00. The stock has a 50-day moving average of GBX 1072. and a 200-day moving average of GBX 1274.. The company’s market cap is £964.2 million.
SGP has been the subject of a number of other recent research reports. Analysts at Investec cut their price target on shares of Supergroup PLC from GBX 1,600 ($26.55) to GBX 1,500 ($24.89) in a research note on Tuesday, August 26th. 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, August 26th. They now have a GBX 930 ($15.43) 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 ($15.43) 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 given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 1,369.50 ($22.73).
SuperGroup Plc is a fashion retailer offering clothing and accessories. The Company operates in two segments: Retail and Wholesale.